Egypt To Offer $40 Bln in State-Owned Assets for Egyptian, Foreign InvestorsSource: www.export-egypt.com 7/4/2022, Location: Africa |
|
|
|
Egypt will offer $40 billion worth of state assets to Egyptian and foreign investors in the form of profit sharing, production and management partnerships, and having a share in the companies’ capital, according to Minister of Public Business Sector Hisham Tawfik.
Tawfik made his statements Saturday, during the final day of the 47th annual meetings of the Islamic Development Bank (IsDB) that Egypt has been hosting in Sharm El-Shiekh over the past four days. He added that the sectors that are available for investors to tap into are hotels, fertilisers, entertainment, dyeing and processing industry related to cotton manufacturing as well as land development located in the south Toshka lakes. Egypt plans to merge up to eight state-owned hotels into a single company during FY2022/2023 paving the way to be listed on the Egyptian Exchange as investment opportunities offered to investors in cooperation with The Sovereign Fund of Egypt (TSFE). Egypt’s Prime Minister Mostafa Madbouly said on Friday that of the $40 billion total, $10 billion will be offered in 2022, with the remainder coming in the following years. In May, Madbouly said that Egypt intends to raise the private sector share in the Egyptian economy to 65 percent, up from the current 30 percent over the coming three years. |
|
Financials and Investment News in Egypt >> |
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |