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

Egypt launches sovereign wealth fund as economy bites

Posted on 14 April 2016

In June, Egypt’s cabinet formally approved plans for the country to establish a Sovereign Wealth Fund (SWF). According to Planning Minister Ashraf El-Araby, the fund is to be called Amlak, and will be state owned via the National Investment Bank. The SWF will also be tasked with running a number of state assets.
In the same month, Egypt’s Minister of Industry and Trade Mounir Fakhry Abdel Nour told Russian media that the Russian Direct Investment Fund and Arabian SWFs will play a role in establishing the fund. He added that the fund will be focused on communications, logistics and travel infrastructure in particular………………………………………..Full Article: Source


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