Electricity & Power / Oil & Gas

ADIA to invest $2 billion in Egypt’s electricity, oil & gas sectors

ADIAUAE’s ADIA to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure in 2H2018: The Abu Dhabi Investment Authority (ADIA) is planning to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure sectors in 2H2018, the head of the Arab Union for Direct Investment (AUDI) Mohamed Sameh tells Ahram Gate. Investments from the GCC, and particularly from the UAE, will double in the coming period, “especially if the government speeds up its IPO program,” he adds. This comes as Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan concludes his two-day visit to Cairo, where he talked regional developments and anti-terror cooperation with President Abdel Fattah El Sisi.

(Source: Enterprise.press)

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