Soliman added that the fund is looking to support the country’s economy against the crisis caused by the novel coronavirus (COVID-19) pandemic.
The Sovereign Fund of Egypt (TSFE) will prioritise creating massive investment opportunities through cooperation with the public and private sectors, according to the fund’s CEO Ayman Soliman.
Soliman added that the fund is looking to support the country’s economy against the crisis caused by the novel coronavirus (COVID-19) pandemic.
During a speech at the Egypt Economic Summit, he said that Egypt is establishing a sovereign fund that is uniquely different to what has been conducted in other countries. TSFE is a smaller fund in comparison to global funds, but is set to grow into one of the strongest global economies.
He said that the fund focuses on four sectors, for which several sub-funds have been established, namely: financial inclusion; infrastructure; digital transformation; technology; health and food investment; and education.
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