UAE’s ADQ to invest in Egypt as part of TSFE deal

UAE’s ADQ to invest in Egypt as part of TSFE deal

Press release:

ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, has established a new office in Egypt to build on its commitment to investing in the country’s economic growth. 

The opening of ADQ’s new office complements the $20 billion (DH73 billion) strategic investment platform launched in 2019 between ADQ and The Sovereign Fund of Egypt (TSFE). The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialised funds and investment tools in key sectors such as healthcare and pharma, utilities, food and agriculture, real estate and financial services.