U.S. Carlyle to invest $100 million in Egypt this year

Carlyle Group, one of the world’s largest private equity firms, plans to inject investments worth $100 million in Egypt during 2017, said chairperson of the Egyptian Association for Direct Investment, Abdallah El Ebiary.

The Washington, DC-based asset management firm -manages more than 60 investment funds on behalf of public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations.

He elaborated that the Egyptian market is starting to attract new foreign investment.

For instance, Renaissance Capital – a top ranked Russian investment bank- applied for a licence to have presence in Egypt.