Abu Dhabi’s ADQ Opens New Cairo Office to Increase Investment in Egypt

UAE holding company ADQ has just opened a new office in Cairo as it seeks to increase its investment in Egypt, following ADQ and Aldar Properties’ acquisition of Egypt’s Sixth of October for Development and Investment Company for $386.8 million last week. In April, ADQ also acquired Egypt’s Amoun Pharmaceutical Company from Canada's Bausch Health for $470 million.

In 2019, a $20 million investment platform was also launched between ADQ and The Sovereign Fund of Egypt. A number of companies in ADQ’s portfolio have also invested in Egypt, including AD Ports group which will be developing and operating a multipurpose terminal in Safaga.

Through strategic investment projects, specialised funds and investment tools in sectors such as health care and pharmaceuticals, utilities, food and agriculture, real estate and financial services, the platform aims to accelerate Egypt’s economic development.