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Business — Economy — Egypt — Investment — Finance — Military

Egypt Looks to Begin Offering of Military Firms This Week

Egypt is offering two military-affiliated companies to investors on March 15 and four large companies to international investment banks. The country has already secured a $3 billion IMF loan package.

1 min read
  • Egypt is offering two military-affiliated companies to investors on March 15, and is also planning to put forward four large companies.
  • The country has secured a $3 billion IMF loan package, devalued the currency three times and is waiting for Gulf Arab allies to step up with billions in investments.
  • Authorities have said other companies, especially those they deem of high value, could also be offered.
Egypt Looks to Begin Offering of Military Firms This Week
Egypt will begin the process of offering two military-affiliated companies to investors on March 15, and is also planning to put forward another four large companies, the cabinet said.
BloombergAbdel Latif Wahba

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