Mohamed Alsuwaidi, CEO and Managing Director of ADQ Holding, says one of Abu Dhabi’s sovereign funds is considering pumping new investments in Egypt during the coming period, Invest-Gate reports.

Alsuwaidi says on the sidelines of his meeting today with Egyptian Prime Minister Mostafa Madbouly, Hala Al-Saeed, Minister of Planning, and Ayman Suleiman, CEO of the Sovereign Fund of Egypt, that the company’s investments in Egypt amounted to about $4.3 bn in 9 years from 2014 until now, which reflects the volume of interest, in the Egyptian market.

According to a statement by the Egyptian Cabinet today, during the meeting, a number of investment opportunities in several sectors were discussed and reviewed, as Alsuwaidi expresses the great interest of Emirati investors in the offered Egyptian companies, which represent golden investment opportunities.

Noteworthy that the Egyptian government intends to offer 32 companies distributed in 18 sectors until March 2024, either through listing them on the stock exchange, selling shares to strategic investors, or both.

The government aims to raise $2 bn before the end of next June by offering some companies.