Is Infor looking to invest USD 1 bn in Egypt?

Is Infor looking to invest USD 1 bn in Egypt? A delegation from enterprise software provider Infor met with EGX Chief Mohamed Omran yesterday, who said the company is planning to invest nearly USD 1 bn in Egypt. According to the EGX statement, Infor reps took positive note of the float of the EGP and of Egypt having made it easier to repatriate profits. Infor acquired Accentia Middle East, a Cairo-based Infor partner serving the MENA region, in March. The statement from the bourse included no additional details of how or when Infor plans to deploy capital in Omm El Donia. CIT Minister Yasser El Qady met with Infor during a recent swing through the United States.