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Sunday, 19 November 2017

Nine prominent UAE investors are looking to grow their business in Egypt

Nine prominent UAE investors are looking to grow their business in Egypt, they told Investment Minister Sahar Nasr and Suez Canal Economic Zone (SCZone) chief Mohab Mamish in meetings this weekend, according to a ministry statement. The minister, who was on a roadshow to the UAE to pitch potential projects to new investors, met with various company heads, with interests ranging from renewable energy and logistical zone development in the Suez Canal area, to transport, health, education, and vocational training. Those included Abraaj Capital Managing Partner and Global Head of Private Equity Mustafa Abdel‐Wadood, Aldahra Holdings’ Egypt General Manager Sulaiman Al Nuaimi, the CEO of Abu Dhabi Future Energy Company (Masdar) Mohamed Jameel Al Ramahi, Emirates’ Steel CEO Saeed Ghumran Al Remeithi, Bin Omeir Holding Group CEO Mohammed bin Omeir, and Al Habtoor Group Chairman Khalaf Al Habtoor.

Nasr and Mamish also sat down with officials from the Abu Dhabi Investment Authority, who were invited to visit the SCZone to inspect possible projects more closely, as well as the Director General of Dubai’s Department of Economic Development Sami Al Qamzi.

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