Sinai National Co. eyes $307m private sector investments

The National Company for Sinai Investments targets attracting private sector investments estimated at 4 billion Egyptian pounds (around US$307 million).

Speaking to Amwal Al Ghad Sunday, Board Member Ahmed Saad stated that the company plans to attract this volume after raising its capital to 2 billion pounds.

The firm plans to reach those  investments through entering into partnerships with the private sector by 20-50 percent.

The strategic plan of the National Company include hiking capital volume to 10 billion pounds within the few coming years, thus, creating more investment opportunities and raising targeted investments in Sinai to 30-40 billion pounds, Saad noted.