Partnership Between PTS Holdings and Addvance Venture Capital to Support Startups in Egypt and Saudi Arabia
Edfa Venture Capital , a Saudi investment fund, and PTS Holdings, a company specializing in digital solutions and IT technology, have signed a collaboration agreement aimed at strengthening support for startups in both the Saudi and Egyptian markets.
This agreement comes as part of joint efforts to enhance the entrepreneurial ecosystem and provide the necessary resources and expertise for the development of startups, contributing to growth and expansion in both markets.
Eng. Essam Ali, CEO of Edfa Venture Capital , expressed his pleasure at signing the agreement, which aims to open new horizons for startups in both the Egyptian and Saudi markets by providing the necessary support to enhance their growth and development.
He pointed out that since its inception, the company has played a pivotal role in supporting the establishment of many startups in Egypt across various sectors.
Ali mentioned that the agreement will focus on supporting startups, particularly those working in the development of precision industries, through the creation of specialized investment studios.
He emphasized that this collaboration is designed to create the optimal investment climate, along with providing the financial and technical support that helps companies expand and grow in both local and regional markets.
Ali also highlighted that the agreement represents an important step towards enhancing innovation and developing industries and services in the Arab world and Africa, while opening new avenues for collaboration between regional markets.
He clarified that it aims to develop sustainable solutions that enhance the ability of startups to face economic challenges and achieve success.
On her part, Maha Mandour, General Manager of PTS Holdings, confirmed that the collaboration with Edfa Venture Capital is a strategic step that will contribute to enabling startups in both the Saudi and Egyptian markets to access the necessary funding sources, as well as providing specialized consultancy to ensure the sustainability and development of these companies.
Mandour pointed out that this partnership will help prepare Egyptian companies to enter the Saudi market and take advantage of the promising investment opportunities provided by Saudi Arabia’s Vision 2030.
She also noted that it would open the door for Saudi companies to expand into the Egyptian market, enhancing their position in the region.
Mandour added that the primary goal of the partnership is to build an integrated system that links the Egyptian and Saudi markets, facilitating the exchange of expertise and the development of innovative solutions capable of addressing the challenges in both markets and supporting the growth of startups.
She confirmed that this move highlights PTS Holdings’ commitment to enhancing its role in supporting entrepreneurs and startups and opening new avenues for collaboration between regional markets.
This announcement took place during the activities of the large investment event “Startup Sync,” organized by Edfa Venture Capital , a Saudi-Egyptian company specializing in investment.
The “Startup Sync” event is an exceptional opportunity to network with thought leaders and entrepreneurs and discuss the latest trends in investment and startup support.
It also provides a platform for exchanging ideas and building strategic relationships that contribute to strengthening collaboration between various parties.
It is worth noting that the “Startup Sync” forum saw the announcement of several new partnerships between Edfa Venture Capital and a number of leading Egyptian startups, including: (HREN, Bekya Pay, Business Lobby, Meraki, Marsad Group, Bonyan, PR+, Albootcamp); paving the way for their success in the local market and their entry into the Gulf market through Addvance, which offers them many available opportunities.
