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Egypt, UAE establish $20B strategic investment platform

Egypt, UAE establish $20B strategic investment platform

Cairo:  Egypt and the UAE are due to establish a strategic investment platform that is worth 20 billion dollars for joint investment in various fields and assets through Abu Dhabi Developmental Holding Company and Egypt's Sovereign Wealth Funds, said Presidential Spokesman Bassma Radi on Thursday 14/11/2019.

This partnership aims at establishing joint strategic investment projects, specialized funds or investment tools to carry out investments in various sectors, topped by transformative industries, traditional and renewable energy, technology, food, real estate, tourism, health care, logistic services, financial services and infrastructure. Source MENA

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