The Sovereign Fund of Egypt
Soliman added that the priority in terms of location goes to the Mediterranean coasts, followed by those lying on the Red Sea, then the Suez Canal.
She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.
The transformation is scheduled to be over by the end of 2025.
The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase
Ayman Soliman stated that the three funds come to take advantage of the investment opportunities available in the Egyptian market and attract more investments.
The land lies on the Nile Corniche in Cairo.
El-Ezaby will utilize the investment to increase its branch count to almost 600, the pharmacy chain has been looking to expand its services to serve as much customers as possible.
EZ International, will provide high-quality services to more than 500 pharmacies across Egypt with El-Ezaby’s more than 250 branches.
Prime Minister Mostafa Madbouli attended Tuesday the signing of a quadrilateral memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) located Eastern Port Said.
The official's statements came during an event held by the Ministry of Planning and Economic Development on alternative financing to sustainable development.
