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SNG: Egypt, Brookfield Asset Management mull cooperation in key sectors

By Zawya

By Staff Writer

Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid explored opportunities to expand Brookfield Asset Management’s investments in Egypt across several sectors, including financial services, tourism, pharmaceuticals, energy, and infrastructure.

In his meeting with Jad Ellawn, Managing Partner at Brookfield Asset Management, on the sidelines of the B20 USA 2026 Forum, Farid outlined investment opportunities under the government's IPO program, particularly the anticipated offering of Misr Life Insurance.

The officials also tackled plans to restructure state-owned enterprises, including transferring several holding companies to the Sovereign Fund of Egypt (TSFE), paving for new partnership opportunities with international investment institutions.

In the tourism and hospitality sector, Farid unveiled the state’s plans to expand hotel capacity, optimize the utilization of available assets and land, and leverage the golden license to accelerate project implementation.

He also discussed plans to develop pharmaceutical companies and bolster their production and export capabilities, noting the potential to draw on Brookfield's expertise in corporate restructuring and asset development.

Talks also touched upon renewable energy projects, electricity storage, and energy supply solutions for data centers, alongside investment opportunities in infrastructure, industrial projects, and logistics facilities within the Suez Canal Economic Zone (SCZONE).

Meanwhile, Brookfield representatives outlined the company's expansion across the Middle East, where it manages more than $20 billion in investments. They also highlighted the launch of a $2.1 billion regional private equity fund.

They expressed interest in exploring investment opportunities in Egypt, particularly in the insurance, pharmaceutical, renewable energy, and infrastructure sectors.

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