Egypt's Sovereign Fund to launch 3 new sub-funds

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Mon, 19 Feb 2024 - 02:28 GMT

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Mon, 19 Feb 2024 - 02:28 GMT

CAIRO – 19 February 2024: The Sovereign Fund of Egypt (TSFE) is planning to launch 3 new sub-funds across these sectors: education, agriculture, and healthcare, according to recent statements by TFSE CEO, Ayman Soliman.
 
Ayman Soliman stated that the three funds come to take advantage of the investment opportunities available in the Egyptian market and attract more investments.
 
He pointed out that the Egyptian education sector has great opportunities to attract investments, whether local or foreign, to increase classrooms, in addition to attracting the private sector to invest in the pre-university and university education sector. 
 
Soliman highlighted the pivotal role of education in shaping human capital and driving innovation, stressing the need for targeted investments to enhance educational infrastructure and promote lifelong learning.
 
TSFE already has a Tourism, Real Estate & Antiquities Subfund, and an Infrastructure & Utilities Subfund, a Healthcare & Pharma Subfund, a Financial Services & Fintech Subfund and a Pre-IPO Subfund.

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