Etisalat Misr’s investments in Egypt hit 50 bln pounds since 2007

Etisalat Misr, the Egyptian unit of the UAE’s Etisalat, has invested 50 billion Egyptian pounds ($ 3 billion)  in the Egyptian market since its inception in 2007, according to chairman Gamal El-Sadat.

He added on the side lines Egypt-Emirates business forum  that the telecommunications sector is one of the most important sectors that captures a large share of the Emirati investments in Egypt,

He also noted that there are positive expectations about the future of the Emirati investment in Egypt with the support of the reform programme implemented by the government during the past period, which strengthened the attractiveness of the investment market.

Meanwhile, Etisalat Misr has recently raised its capital to 20 billion pounds.