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Rescue Package

ADQ’s $35 billion investment to boost Egypt’s liquidity

Goldman Sachs says the cash injection should end Egypt’s foreign exchange crisis

The headquarters of the Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo. (Photo: Getty Images)

The headquarters of the Central Bank of Egypt (Getty Images)

By
Jonathan H. Ferziger
February 26, 2024

Abu Dhabi sovereign wealth fund ADQ is leading a consortium that has agreed to invest $35 billion in Ras al-Hekma on Egypt’s northern Mediterranean shore to build a financial and tourism center, which may help resolve a long-stalled agreement on a $10...