PE Tech Report


Like this article?

Sign up to our free newsletter

EFG Hermes committed to infrastructure investment in Egypt

EFG Hermes, an investment bank in the Arab world, is co-sponsoring the PPP Investment Summit Egypt.

The summit, presented by Egypt’s Ministry of Finance, focuses on new public-private partnership opportunities for investors in Egypt’s infrastructure sector.

Key officials from the ministries of finance, transport, housing and investment along with premier regional investors, project sponsors and financiers are in attendance.

EFG Hermes chief executive officer Yasser El Mallawany delivered a keynote presentation detailing the renewed investment opportunities offered by infrastructure projects in Egypt, potential challenges, and new financing channels for private equity investment in PPP infrastructure projects.

"EFG Hermes has a demonstrated commitment to investing in and supporting PPP projects in Egypt and across the region. As the only regional investment bank to have advised governments, including those of Jordan, Egypt and Saudi Arabia, and as the manager of two successful private equity infrastructure funds, InfraMed and InfraEgypt, EFG Hermes is a leading authority on regional PPP opportunities and we are pleased to be able to share our experiences with other investors at the summit," said El Mallawany.

Decades of under-investment in infrastructure have created a gap in supply and demand for transportation, energy and communications projects in Egypt. More than USD45bn of investments will be needed over the coming five years, but government budgets will not be able to stretch to accommodate that figure.

In the past, challenges have arisen from lack of clarity in the regulatory environment – challenges that the Government of Egypt has been addressing. The recently implemented unified laws and regulations designed to bolster PPP activity in Egypt’s infrastructure sector are highlighted during the summit.

"The opportunities created by recent government reforms have made PPP infrastructure projects a more accessible option for investors. The new regulations, which have increased transparency, eased red tape and unified PPP sectors, reflect the Egyptian government’s renewed willingness to collaborate with the private sector on much-needed projects. As over USD45bn of investments in Egyptian infrastructure will be required over the next five years, PPP projects present a sterling opportunity for investors," El Mallawany said.

Like this article? Sign up to our free newsletter