Egypt, Mubadala Petroleum Discuss Investment Opportunities

Egypt, Mubadala Petroleum Discuss Investment Opportunities

The Minister of Investment and International Cooperation, Sahar Nasr, met the delegation of the Emirati Mubadala Investment company in Egypt, headed by the Chief Growth Officer of Mubadala Petroleum, Mansoor Al Hamed, according to Al Mal News.

The meeting was about how Mubadala can increase its investments in the different fields of Egypt, which have reached $7.2 billion so far. The investments mainly focused on the cooperation with the Italian company Eni in its investments in the offshore Shorouk Concession, where Zohr gas field is located.

Nasr pointed that there are a lot of investment opportunities available now in Egypt in all its sectors and fields.

Mansoor praised Egypt’s investment climate, in addition to the facilities presented to the investors.

He pointed that there is a direct orientation from the Emirati leadership to invest in Egypt and to identify the possible investment opportunities in all fields, especially in the renewable energy and infrastructure.


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