Gulf states eyeing stake in Egypt power plant, fuel firm in investment surge ...Qatar

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Gulf Arab nations are interested in buying stakes in a fuel-distribution company owned by Egypt’s army and a power plant co-built by Siemens AG among their multi-billion-dollar investment pledges, according to the CEO of the North African country’s sovereign wealth fund. “Several international investors, including Gulf sovereign wealth funds, have showed interest in Wataniya and the Siemens-built power plant,” chief executive officer Ayman Soliman said in an interview Tuesday. The sales are planned for this year through either an initial public offering, a partnership with a strategic investor or a combination of the two, he said. “I see that we should secure a strategic investor ahead of

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Last updated : 07 April 2022 clock 09:49 PM

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Gulf states eyeing stake in Egypt power plant, fuel firm in investment surge ...Qatar

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