Egypt’s Pioneers total investments record $405.3 mln in three years

Egypt’s investment bank Pioneers Holding says total investments pumped in the last three years had amounted to 3.6 billion Egyptian pounds ($405.3 million).

These investments were part of Pioneers’ expansion strategy which involved acquiring a number of companies operating in food, industrial, real estate, and construction sectors, its deputy chief executive Yasser Zaki told Amwal Al Ghad on Monday.

Pioneers is currently focusing on studying the current available investment opportunities in Egypt in line with some schemes to expand abroad, Zaki added.