State Investor ADQ Opens Cairo Office
Posted on 12/19/2021
Abu Dhabi Developmental Holding Company PJSC (ADQ) opened an office in Cairo to analyze and support investments in Egypt. The office opening complements multi-billion dollar strategic investment platform launched in 2019 between ADQ and The Sovereign Fund of Egypt (TSFE). The platform seeks to advance Egypt’s economic development through joint strategic investment projects, specialized investment funds, and investment tools in key sectors such as healthcare and pharma, utilities, food and agriculture, real estate, and financial services.
Omar Mehanna, Head of Sovereign Partnerships at ADQ, said in a press release, “We continuously seek opportunities to create value and harness the growth potential of our partnerships with Sovereign investment entities.
“Opening our new Egypt office is an important milestone in our long-term commitment, by investing through our strategic investment platform, to unlock growth opportunities across key sectors. Our in-market presence will drive further cross-border collaboration while nurturing organizations that will accelerate the country’s economic development.”
