Gulf Capital to invest in Egypt as economic climate improves.

Abu Dhabi based Gulf Capital recently signed Dh92 million debt financing agreement with Egyptian petrochemical company Carbon Holdings to support their mega industrial projects in Ain Al Sokhna on the Suez Canal in Egypt.

The five year loan facility was extended by Gulf Capital’s credit fund, GC Credit Opportunities Fund to finance the development and expansion of three of Carbon Holdings petrochemical projects including Egypt Hydrocarbon Corporation, Oriental Petrochemicals Corporation and Tahrir Petrochemicals Corporation.

This is Gulf Capital’s fourth investment in Egypt, Dr Karim Al Solh, co-founder and chief executive officer of Gulf Capital told Gulf News.

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