Egypt’s Sovereign Fund succeeds in attracting $2B in investments through EGX

CAIRO - 21 March 2022: Egypt's Sovereign Wealth Fund succeeded in attracting and directing large-scale foreign investments in partnership with strategic private sector investors for Egypt, with investments estimated at more than $2 billion in the first phase, directly and through the Egyptian Stock Exchange (EGX), according to the Minister of Planning Hala EL-Said.

 

El-Said added that details of those investments will be announced over the next few weeks.

 

 

This came during a meeting held by the Prime Minister Mostafa Madbouly to follow up on the efforts of the Sovereign Fund of Egypt to attract investments in various economic sectors, in the presence of Minister of Planning, Hala el-Said, Mohamed Aba Zeid, Legal Adviser to the Minister of Planning, and Ayman Soliman, Executive Director of the Sovereign Fund of Egypt.

 

 

"These investment deals will contribute to enhancing the country's economic development and consolidating Egypt's position as one of the world's leading investment destinations,” the minister pointed out.

 

 

She added that with the economic growth that Egypt is witnessing, and its commitment to achieving comprehensive sustainable development through its long-term vision "Egypt Vision 2030", more partnerships and similar investment deals will be implemented.

 

 

El-Said added that this comes within the framework of the state's efforts to attract and encourage foreign investments in Egypt, and the ongoing efforts of the Sovereign Fund of Egypt to achieve one of its main objectives of attracting private investments to Egypt in various economic sectors.