Gulf Capital, investment firm in growth markets, opens an office in Cairo to further seek investment opportunities in the Egyptian and African markets particularly Kenya and Tanzania. The firm aims to invest $250m in Egypt over the next five years.
“Egypt continues to be an attractive and fast growing market and a major investment destination for our Firm and our global investors. Opening a local office and hiring a senior Egyptian investment team will allow us to accelerate our investment pace in Egypt in promising sectors such as the digital economy and healthcare and to keep us closer to our existing portfolio companies and business partners. We are particularly excited about potential investments in the fast-growing technology, fintech, ecommerce, and healthtech sectors as Egypt is becoming a rising star in the global technology scene. Recently, the country was one of Africa’s most robust and active players in the tech ecosystems, with 28.3% of start-up investments on the African continent going to Egyptian companies,” Karim El Solh, Co-Founder and Chief Executive Officer of Gulf Capital, stated.
Gulf Capital is expanding to Egypt and Africa with through opening the office and the hiring a seasoned senior investment team. Having already invested over EGP5 billion to date and having closed over half a dozen investments in Egypt, Gulf Capital is increasing its commitment to investing in Egypt and boosting its local presence.
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