Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Hassan Allam Holding (HAH) have signed a memorandum of understanding (MoU) to jointly invest, directly or indirectly, in projects in the fields of power, water, renewable energy, and infrastructure in Egypt.

Under the agreement, the TSFE and HAH will collaborate with local and international co-investors to identify and invest in major sustainable investment opportunities in greenfield or existing infrastructure, water desalination and water treatment, and renewable energy projects, according to a statement released on Wednesday.

“This strategic collaboration is one of our early steps to cement our role in creating and nurturing public-private partnerships through government-owned assets and the privately-managed Sovereign Fund of Egypt,” TSFE’s CEO Ayman Soliman commented.

The cooperation between the TSFE and HAH is based on the belief in the private sector’s commitment to unlocking investable assets with high potential.

“With the renowned international co-investors, and leading technical experts we plan to bring into the equation, we are confident that not only will we lay the groundwork for more fruitful public-private partnerships, but that we will herald in both local and foreign investments,” HAH’s CEO Amr Allam said.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.