Egypt–Saudi Advisory Startup Wider Consulting Raises $14.3M to Invest in 50 Tech Startups Across Egypt and KSA

Wider Consulting, a joint advisory firm founded in mid-2025 by Omar Hamdy, has announced a $14.3 million investment plan to back the technology and startup sectors across Egypt and Saudi Arabia over the next four years. The firm said the capital will be deployed across sectors including healthcare, software development, education, entrepreneurship enablement, PropTech and construction technology, and that an accelerator will be launched to create 50 new ventures in Egypt and Saudi Arabia by the end of 2026.

Wider Consulting said, "This initiative will focus on nurturing early-stage ideas, connecting innovators with global investors, and leveraging investment incentives accessible in both countries."

Strategy and scope

The announcement frames the $14.3 million commitment as both direct investment and programmatic support. Wider Consulting — which already incubates three startups originating from Egypt, Jordan and Saudi Arabia — intends to combine capital injections with an accelerator program aimed at transforming early-stage concepts into investable businesses.

• Founder: Omar Hamdy; firm founded mid-2025.
• Planned investment: $14.3 million over four years.
• Accelerator target: establish 50 new ventures by end of 2026.
• Initial incubations: three startups from Egypt, Jordan and Saudi Arabia.
• Target sectors: healthcare, software development, education, entrepreneurship enablement, PropTech and construction technology.

Wider Consulting is not restricting operations to Egypt and Saudi Arabia. The firm currently operates in the United Arab Emirates, Jordan, Germany and Australia and maintains academic partnerships with Al-Hussein Technical University and the University of Sydney. These ties, the firm said, are intended to "transform academic research into tangible business solutions," underlining a deliberate push to commercialize university-based innovation.

Deal structure and exits

On portfolio strategy, Wider Consulting has indicated flexibility around exit mechanisms while prioritizing control. The firm said it may pursue public listings of between 15% and 40% of selected portfolio companies depending on growth trajectories and market conditions, but that maintaining a controlling interest in its most promising assets "remains a priority."

Partnerships with local legal and venture-capital entities are already in progress: the firm is actively pursuing alliances with venture capital legal entities in Saudi Arabia to expand its footprint and facilitate deal flow and compliance in the Kingdom. The accelerator element is explicitly designed to connect founders with global investors and to take advantage of investment incentives available in both countries.

Outlook

Wider Consulting’s plan sets clear, time-bound targets: a $14.3 million deployment and 50 new startups by the close of 2026. If the accelerator meets its stated goals, the program could quickly scale a pipeline of regionally focused, Arabic-language and sector-specific tech ventures—particularly in Egypt, where the firm identifies demand for Arabic-language tech solutions and strong academic ecosystems. Success will hinge on the firm’s ability to translate its academic partnerships and cross-border operations into sustained funding rounds, commercially viable products and the selective public listings it has flagged as possible exit routes.