Bahraini GFH Group plans to infuse $500M into Egypt in 2024

The Bahraini GFH Group has reportedly set an initial investment target of $500 million to be directed into Egypt's market through its various investments in the health, education, and logistics sectors. The company's CEO, Razi Al Murabati, outlined the company's investment interest in these sectors during the recent Future Investment Initiative conference held in Riyadh. The Group is currently exploring diverse investment prospects with plans to finalize one by early 2024. As part of this strategy, they have enlisted the help of a financial advisor to assist in the acquisition of a pre-university educational institution. Additionally, the GFH Group is in talks with a specialized education investment platform in Egypt to consider joint investment opportunities. The group's logistics arm, GFH Partners, is said to be actively evaluating opportunities in Egypt's smart transportation sector, and 2024 is slated to see the group's inaugural investments in these sectors. While no specific details have been given, the GFH Group has announced that it is in the due diligence process for an Egyptian educational institution. As per the information available on the group's website, GFH currently manages assets valued at up to $17.6 billion, operating across diverse fields including asset management, real estate, education, healthcare, and technology.