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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 reportedly close to finalizing a merger between OCI Global and Orascom Construction, his family’s business.
The deal could be announced as early as Monday.
The newly merged company intends to invest both its own capital and funds from partners in US infrastructure projects. The consolidated entity will be listed on the Abu Dhabi exchange.
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 for investment.
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