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Wednesday, 19 June 2019

Egyptians Abroad Investment and Development to launch logistics investment fund in 2020

The Egyptians Abroad Investment and Development Co plans to launch its logistics sector-focused fund next year, CEO and Vice Chairman Hashem El Sayed said. The fund will invest in dry ports as well as other logistics infrastructure. It will be owned by a subsidiary which is currently in the process of being established and licensed. The company’s Egyptians Real Estate Fund — which it previously launched in partnership with Pioneers Holding and Misr Iran Development Bank — was due to be up and running in March after listing on the EGX last year.

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