Egyptian tycoon Nassef Sawiris announced the launch of Nile Holding Investments (NHI), a subsidiary owned by his family with the aim of direct investment in Egypt joining hands with a group of investors from the GCC, Europe and the US. The new subsidiary plans to share with 25% in the capital of investments in Duet-CIC Egypt Opportunities Fund; a private equity fund launched by Duet Group and CI Capital with $300 million capital to invest in Egypt's consumer industries provided that such investments do not conflict with activities of Orascom companies. NHI also contributed to a new investment in Egypt's healthcare sector through a deal worth EGP 400 million, whose details will be announced in days. It is currently assessing a number of new projects in partnership with strategic investors and global private funds.
