A business located in the United Arab Emirates that specializes in alternative investments has announced ambitions to invest $250 million in Egypt over the next five years. During a news conference yesterday, Gulf Capital’s CEO made the announcement.
According to Karim El-Solh, the company will launch its fourth equity investment portfolio, worth roughly $750 million, next summer. He stated that Egypt will receive a sizable portion of these investments, with $250 million estimated to be injected into the market through this portfolio.
El-Solh also announced the opening of a Cairo office for Gulf Capital.”This will take advantage of investment opportunities in the Egyptian market and the fast-growing African markets,” he told journalists.
“The company has invested about 5 billion Egyptian Pounds ($300 million) in Egypt over the past 10 years in several companies, including Vezeeta Healthcare, Metito, which works with water and waste-water smart solutions, and recently in Geidea, which works in financial technology solutions.”
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