Tag Archives: second tranche of a $35 billion investment

Egypt receives second tranche of UAE

Muhamad Yehia Egyptian authorities have received the second tranche of a $35 billion investment from the UAE, local media reported on Tuesday. The payment secures the right of Abu Dhabi sovereign wealth fund ADQ to develop the land of Ras El Hekma on Egypt’s north coast. The $20 billion tranche consists of …

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