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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Egypt to establish SWF with Arab investments

Posted on 29 March 2016

Minister of Planning Ashraf El-Araby revealed that the government will establish a sovereign wealth fund to invest in infrastructure. The fund will be owned by the state with subsidiaries funds for different sectors, including agriculture, electricity, and industry. A number of Arab investment funds will participate with 50%.
Egypt launched its sustainable development strategy for 2030 in February. The strategy governs the economic development plans to achieve sustainability in partnership with the private sector and civil society, as well as many international organisations operating in Egypt, El-Araby said………………………………………..Full Article: Source


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