'Egypt’s Sovereign Fund made one exception of working on attracting investments to Africa’: CEO

CAIRO - 13 June 2021: CEO of the Sovereign Fund of Egypt Ayman Soliman stated Sunday in IPAs Africa Forum 1 that although the mission of the fund is attracting investments to Egypt but made one exception of attracting investments in Africa. 

 

“Egypt was very successful in building the world’s largest solar park that is Benban. It’s a public-private partnership project that included the government, private sectors, and international financing institutions. We can share our experience with fellow African states on public-private partnerships,” Soliman highlighted. 

 

The official added that his establishment communicates with other African sovereign funds with which it shares similarities and differences. 

 

Yet, Soliman showcased that there is “Team Africa” that sets sectors of priority when offering investment opportunities. Those sectors are infrastructure, renewable energy, and financial inclusion. 

 

“International investors will come when they find good tax treaties, incentive programs, governance pact, investment protection, and investment insurance products,” Egypt’s Sovereign Fund CEO noted. 

 

He concluded by addressing investors saying, “If you want to reduce your footprint, come to Africa. If you want to achieve SDGs come to Africa.”