Selling Assets to Foreign Sovereign Funds: a Gain or a Loss? ...Egypt

In normal circumstances, it wouldn’t have occurred to me to ask this question. I spent a good part of my career responsible for attracting foreign investment to Egypt. Even after I left that government job, I remained convinced that successful economic development depends on our ability to attract private investment, both local and foreign. In normal circumstances, I would have welcomed—been delighted, in fact—that we managed to attract a few billion dollars of foreign investment in successful Egyptian companies. I still think that as a rule, foreign investment is good because it shores up cash reserves in foreign currency, brings higher technical, engineering, and managment capabilities,

Hence then, the article about selling assets to foreign sovereign funds a gain or a loss was published today ( Thursday 05/05/2022 - 05:14 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 05 May 2022 clock 05:14 PM

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Selling Assets to Foreign Sovereign Funds: a Gain or a Loss? ...Egypt

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