The Bahraini-based First Equity Partners Group has invested more than US$ one billion in the Egyptian market within the last four years, Omar El Maghawry -Deputy CEO- said Monday.
FEP Group, the investment bank that provides advisory services in MENA region, has pumped investments into different sectors whether strategic industries such as steel or small and medium ones such as food industries.
FEP also entered financial services activity as a core of founding comprehensive investment bank in the Egyptian markets, El Maghawry stated.
El Maghawry added that FEP aims at doubling its investments in the Egyptian market within the upcoming period since Egypt owns enormous potentials in infrastructure sector and considered as the largest consuming market which is able to bring success to any investment.
He asserted that the challenges that face the Egyptian market -notably the macroeconomics data- do not represent any obstacle for FEB to double its investments in the Egyptian market but will encourage the bank to pump more investments instead.
As an investment bank, FEB has injected new investments worth around 800 million pounds into the Egyptian market since March economic summit among its large investment strategy to invest two billion pounds in two years.
The activities of First Equity Partners are focused around 6 sectors: steel manufacturing, building material production, oil and gas services, heavy equipment trading, SME incubation and real estate.
In March 2015, First Equity Partners acquired a majority stake of 67% in White House Securities -whose name has been converted into FEP Capital- and increased its capital to around 50 million pounds.
The group is targeting raising the capital of its unit, FEB Capital to reach 60 million pounds before the end of 2015.
Moreover, First Equity Partners has entered the Egyptian market in 2011.
