Concord International Investments is planning to establish a healthcare investment company in Egypt with a capital of $40 million, Chairman Mohamed Younes told Asharq Business on February 5th.

The new company’s investments will be directed to industries supporting the healthcare sector, such as medical equipment and requirements used in hospitals, in addition to other products and services related to the field, Younes added.

Concord is set to raise funding rounds from local and global institutions starting from the second half (H2) of 2023 to provide the necessary financing for setting up the healthcare investment company, the chairman revealed.

Moreover, he said that Concord targets establishing a new equity fund and another fund for investment in fixed-income instruments this year.

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