Egypt Wealth Fund Seeks Gulf Partners to Lure Investments
- Collaborations with Saudi Arabia, Kuwait, Oman being sought
- Fund will partner with investors in state pharmaceutical firms
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Egypt’s sovereign wealth fund is looking to more oil-rich Gulf countries to drum up foreign investment, as the Arab world’s most populous nation presses on with the next phase of its planned economic revamp.
After launching a $20 billion investment platform with the United Arab Emirates, Egypt’s fund is now setting its sights on Saudi Arabia, Kuwait and Oman as partners, its chief executive officer, Ayman Soliman, said in an interview in Dubai.