UAE President Sheikh Mohamed witnesses launch of $35bn Ras El Hekma development in Egypt
Egypt investments
Latest in Egypt investments
Egypt
Inside Gulf investors’ multibillion-dollar bet on Egypt’s North Coast as FDI target sparks buying spree
Investors from the UAE, Saudi Arabia, and Qatar are fueling Egypt’s coastal real estate investment boom
Egypt
Saudi Arabia eyes $600m deal for Egypt’s United Bank
Saudi Arabia’s PIF in advanced talks over deal for Egyptian bank
bilateral economic relations
UAE is Egypt’s top investor with $4.6 billion in first nine months of 2022
The Egypt-UAE joint strategic investment platform, launched in 2019, attracted investments to the tune of $4 billion out of the targeted $20 billion
Abdel Fattah el-Sisi
Saudi Crown Prince meets Egypt President after bilateral trade rises to a record $14.3bn in 2021
The volume of Saudi investments in Egypt rose to more than $32 billion through more than 6,800 Saudi companies, while Egyptian investments in Saudi Arabia reached $5 billion through more than 802 Egyptian companies
ADQ
Abu Dhabi’s ADQ invests in publicly listed firms in Egypt to fuel growth in the nation’s economy
ADQ’s latest transactions include stakes in one of Egypt’s largest banks, an e-payments platform, a prominent logistics player, and two key industrial companies
ADQ
Saudi Arabia, UAE, Qatar vie for stake in Egypt power plant, fuel distribution firm after investment pledges: report
Oil-rich Gulf countries are looking to bolster Egypt’s economy as the major food importer has been hit hard by record grain prices fueled by the Russia-Ukraine conflict, and is seeking help from the International Monetary Fund (IMF) to shore up its economy
Egypt businesses
Favourable investment laws, exemptions are increasing foreign interest in Egypt
Egypt has been the top destination for foreign direct investments (FDI) in the Arab world during the past five years, harvesting a whopping $124.5bn worth of projects between January 2015 and December 2019.
To be more specific, the country accounted for 35.2 percent of the $340bn invested in the region throughout this period.
In total, 476 […]