Tahya Misr contributions at EGP 7 bn, investments at EGP 3 bn at the close of 2016

The state-controlled Tahya Misr fund says it has received nearly EGP 7 bn in contributions between July and December 2016, Director Mohamed El Ashmawy tells Al Borsa. Over the same period of time, the fund helped finance EGP 3 bn in projects. Tahya Misr’s plans for 2017 include a project to build 100 new schools around Egypt and another to build seven new factories for med production in partnership with pharma manufacturers, such as Pharco and Vacsera.