Al-Sisi directs Sovereign Fund to optimise investment opportunities in Egypt

Al-Sisi directs Sovereign Fund to optimise investment opportunities in Egypt

Egypt - President Abdel Fattah Al-Sisi has directed the Sovereign Fund of Egypt (TSFE) to strengthen its efforts to achieve the optimal utilization of promising investment opportunities in the country and to develop them in a calculated and sustainable manner in full cooperation with the private sector.

This will enhance the capabilities of current and future generations of all Egyptians and build a growing and diversified economic and investment base that will lead to more distinguished job opportunities for citizens, increasing average incomes and raising the standard of living.

This came during a meeting between President Al-Sisi and Prime Minister Mostafa Madbouly and Minister of Planning and Economic Development Hala Al-Said.

Presidential spokesperson Ahmed Fahmy said that President Al-Sisi was briefed during the meeting on the projects and activities of the Egypt Sovereign Fund, which aims to increase the volume and quality of investments in Egypt.

The Fund is focusing on priority sectors for the growth and advancement of the national economy, including digital transformation, health and education, industry and agriculture, green hydrogen and water desalination.

During the meeting, the partnerships concluded by the TSFE with a number of Arab and international sovereign funds, their role in providing joint investment opportunities, in addition to the