Egypt to rise Sovereign Fund’s issued capital to LE 1T: Minister – Egypttoday

Egypt to rise Sovereign Fund’s issued capital to LE 1T: Minister – Egypttoday

CAIRO - 21 January 2020: Egypt targets to increase the issued capital of Egypt's Sovereign Fund from LE 200 billion to more than LE 1 trillion, Minister of Planning and Economic Development Hala el-Saeed said Tuesday.. Saeed added in a statement that the establishment of Egypt's Sovereign Fund comes as one of the effective partnership mechanisms between the public and private sectors.. The planning minister pointed out that the Egyptian Government implemented many projects to improve the infrastructure, and encourage investors. ". The minister affirmed the country's keenness on sustaining the achieved economic growth by focusing on a number of promising sectors, and implementing an action plan for structural reforms in these sectors.. Britain has invited 21 African countries to attend the summit, the British Embassy in Cairo said, adding that Sisi, along with Johnson, opened the summit, as Egypt, the current chair of the African Union, is a key participant.. Sisi checks economic indicators, orders activating sovereign fund role. Egypt launches 1st phase of black sand separation, extraction project in Rashid.