The minister stated that the Egyptian government will try to increase the capital to a trillion pounds (50. 94 billion dollars) within five years at the latest during her participation in the commemoration session of the 50th anniversary of the Egyptian-Emirati ties.
The fund has pushed investments into a variety of industries, financial services, digital services, and agricultural industrialization sectors, according to the minister.
The Egyptian sovereign fund was established in 2018, and aims mainly to attract private investments for Egypt and encourage joint investment in state -owned assets, in order to increase its value.
In order to promote them and engage in joint investments with domestic and international investors as well as financial partners, the Fund aims to select investment assets from a variety of governmental agencies.
Egypt boosts the “sovereign fund’s” capital to $ 20 billion.
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