EFG Hermes, a regional investment bank, is co-sponsoring the PPP Investment Summit Egypt, which opened this week. The summit, presented by Egypt's Ministry of Finance, focuses on new public-private partnership (PPP) opportunities for investors in Egypt's infrastructure sector, according to a statement. In a keynote address, EFG Hermes Chief Executive Officer Yasser El Mallawany highlighted the investment opportunities offered by infrastructure projects in Egypt, potential challenges, and new financing channels for private equity investment in PPP infrastructure projects, the firm said in a statement. "EFG Hermes has a demonstrated commitment to investing in and supporting PPP projects in Egypt and across the region. As the only regional investment bank to have advised governments, including those of Jordan, Egypt and Saudi Arabia, and as the manager of two successful private equity infrastructure funds, InfraMed and InfraEgypt…," said El Mallawany. In Egypt, more than $45 billion of investments will be needed over the coming five years, the firm said. The transport sector needs around $20 billion in the coming five years to “maintain and upgrade the roads, railways, ports, airports and tunnels, while the Ministry of Transport has budgeted $8 billion for roads and highways, and $4 billion for ports. The remaining $8 billion is an excellent opportunity for private equity investment.” The PPP Investment Summit Egypt closes on Dec. 14.
