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Investing.com -- Egyptian billionaire Nassef Sawiris is planning to invest up to $50 billion in US infrastructure projects while consolidating his publicly traded holding companies in Abu Dhabi, according to the Financial Times.
Sawiris is nearing completion of a merger between OCI Global and his family’s business, Orascom Construction. The deal could be announced Monday, creating a combined entity that will be listed in Abu Dhabi.
The merged company intends to invest both its own capital and funds from partners in American infrastructure projects. In comments to the Financial Times, Sawiris expressed his desire to focus on the "next stage" of the business, identifying infrastructure as the sector with the greatest opportunity.
This consolidation represents a significant strategic shift for Sawiris’s business interests, centralizing his holdings under an Abu Dhabi listing while targeting substantial investment in the US market.
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