The aim of the sovereign Egypt Fund, according to Abdullah Al-Abyari, head of the investment division, is to promote investment generally and startups in particular. As we can see, Tente Samit’s activities assist the promotion of investment in startups and the private sector.
In order to give the private sector a chance, we constantly concentrate on acquiring minority holdings of between 10 and 15% while cooperating with them as a helpful partner.
This was revealed in press releases made the day before the eighth session of Samit, which is being held in Alexandria, got underway.
Al -Abyari added, we have cooperation protocols with a number of sovereign funds, whether Arab or European, and we are working to attract these funds to invest in investment in Egypt according to the specializations they target.
As part of our aim to promote and advance education, we recently announced the investment in the student’s weapon to help the dissemination of their ambitions to expand online.
In addition to the pre-enlightening fund and the manner in which it is provided, we concentrate through funds associated with certain sectors in accordance with the state’s vision, including the infrastructure, real estate, tourist, and health care sectors. Along with a focus on the digital transformation and the financial payments industry, sovereign investment funds also exhibit a share of the companies that are listed on the stock exchange.
One of our responsibilities at Egypt Sovereign Fund is to promote investment in start-ups.
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