Today, Dr. Mostafa Madbouly, Prime Minister, held a meeting; To follow up on the executive position of the plans and projects of the “Egypt’s Sovereign Fund” that aim to attract more foreign direct investments during the coming period, in the presence of Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Chairman of the Fund’s Board of Directors, and Counselor Mohamed Aba Zeid, Legal Adviser to the Minister of Planning, and Abdullah Al-Ebyari. Head of the Investment Sector at the Sovereign Fund of Egypt, and Noha Khalil, Head of the Investors Sector at the Fund.
Abdullah El-Ebyary, Head of the Investment Sector at the Sovereign Fund of Egypt, reviewed the role and plan of the Fund to increase and attract investments since its establishment.
Al-Ebyari explained that the Sovereign Fund of Egypt succeeded in attracting investments worth $3.3 billion from Arab sovereign funds during the current year. Real estate investment, antiquities development, industry, financial services, digital transformation, education and industry, as it is the ideal partner for the private sector and international peer sovereign funds.
Abdullah Al-Ebyari touched on the role of the Sovereign Fund of Egypt in implementing the state ownership policy document, and the directives of President Abdel Fattah Al-Sisi, President of the Republic, regarding attracting foreign direct investments worth $40 billion within 4 years, pointing out that in addition to the deals announced with Gulf sovereign funds. There are a number of other investments, some of which are underway and some are under study, in partnership with the private sector.