by Mahmoud Hammad
Sharif Al-Kilani, a partner with Ernst and Young for North Africa and the Middle East region, said that the institution plans to establish new companies and acquisition deals for investors and Arab and foreign companies of Egyptian companies worth EGP20 billion over the coming six months in the healthcare sector, which has gained much attention by various investors.
In exclusive statements to The Middle East Observer, he pointed out that the nationalities of investors include those from Germany, Britain, Saudi Arabia and Kuwait. However, most of the investors are from the United Arab Emirates, who are the largest investors in Egypt.
Kuwaiti investors are now also highly interested in the Egyptian market, and if attracting Kuwaiti investments is given attention, investments will be flowing in more in the near future.
He added that several foreign companies have shown interest in Egyptian companies and plan acquisitions. The institution prepares a feasibility study for major local, Arab and foreign companies for giant projects they wish to start, such as those in the Suez Canal axis, he added.
He pointed out to the institution’s activity in Egypt, saying it includes tax consultancy, accounting, auditing and financial advisory services, including economic feasibility studies.
