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Zarou aims to invest $1bn in Egypt in 2020

Zarou aims to invest $1bn in Egypt in 2020
The government is cooperating with Zarou in building several infrastructure projects

Cairo – Mubasher: Blackstone Group's Zarou is looking to invest $1 billion in the Egyptian market in 2020, the company’s CEO, Sameh Shenouda, revealed.

The company has managed and injected investments into several water, electricity, as well as oil and gas projects, Shenouda added in a cabinet statement on Thursday.

Moreover, the Egyptian government is cooperating with Zarou in implementing several infrastructure projects, the Minister of Planning and Economic Development, Hala El-Saaed said.

This came during a meeting attended by the Prime Minister, Mostafa Madbouly, the Minister of Planning and Economic Development, Hala El-Saeed, the CEO of Egypt’s sovereign wealth fund, Ayman Soliman, along with Zarou’s CEO.