Cairo – Mubasher: The Abu Dhabi-based Gulf Capital considers investing $110 million in Egypt within the coming two years in the maritime industry, logistics, and infrastructure sectors, managing director Walid Cherif told Daily News Egypt.
The Emirati company is currently in talks with major shareholders of Amiral Holdings Limited over acquiring a stake worth $25 to 30 million, Cherif added.
He further noted that the firm’s strategy focuses on purchasing non-controlling stakes of 10% to 50% of the companies it invests in, pointing out that investment period ranges between five to seven years.
The Emirati minister of State for International Cooperation Reem Ebrahim Al-Hashimi had previously said that the UAE’s direct investment in Egypt stood at $6 billion.
