DUBAI (Reuters) - The private equity arm of EFG Hermes is set to raise a $600 million, Egypt-focused infrastructure fund in the first quarter of next year, the bank's chief executive said on Monday.

"Egypt has an aggressive stimulus package for infrastructure," Yasser El Mallawany told reporters on the sidelines of a conference.

Investors from France, Italy and Morocco are allocating $200 million to the fund, while EFG will raise the remaining amount among regional investors, he said.

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Posted by claire at November 23, 2009 7:46 AM