| The Egyptian government said it had approved a proposal to set up a sovereign investment fund to support economic development through returns on the state’s assets and resources. The fund, called Amlak, will be state-owned through the National Investment Bank.
It will act as the state’s investment arm and aim to encourage diversification and support sustainable economic and social development, the cabinet said in a statement. The state “would not manage these investments directly,” according to the statement, citing the planning minister...............................................Full Article: Source
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