IFC eyes USD5bn investments in Egypt over next five years
The International Finance Corporation (IFC) aims to invest USD5bn in Egypt over the next five years, at an average rate of USD1bn per annum, Al Mal cited IFC MENA Regional Director Mouayed Makhlouf as saying. The investments are expected to target the private sector, infrastructure development and SMEs. The IFC’s recent investments in Egypt include a EGP1.2bn commitment to e-commerce infrastructure in Sep 2018.
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