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Sovereign Wealth Funds Briefing - Categorized | Investment

Egypt expects $10bln FDI this fiscal year

Posted on 04 November 2010

From Tradearabia.com: Egypt will push ahead with economic reforms in order to achieve the targeted $10 billion in foreign direct investment in the 2010-11 fiscal year, said Rachid Mohamed Rachid, the country’s minister for trade, industry and investment. He has held talks with the Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth fund. One of the world’s largest sovereign wealth funds, ADIA already has investments in Egypt, he said.
“We offered ADIA to participate in joint ventures in funds in Egypt and there is preliminary interest from ADIA and other investors from the UAE to invest in some projects,” he said……………………………………….Full Article: Source


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