She said that it was agreed with the investors on a case-by-case basis before the deals were completed
The Egyptian Minister of Planning and head of the Sovereign Fund of Egypt, Hala Al-Saeed, said that Egypt will agree with investors on a case-by-case basis whether to evaluate the country’s assets that it will offer for sale in US dollars or Egyptian pounds, according to what was reported by “Bloomberg”, and viewed by “Al-Arabiya”. .net”.
This comes as the choice of currency in assessing risks constitutes an obstacle in Egypt’s attempt to quickly secure foreign currencies to support the economy, which tends to be in crisis due to the Russian invasion of Ukraine.
Al-Saeed said, in an interview on Tuesday in the Qatari capital, Doha, that there would be an agreement “first between us as a government and the investor” on the currency for each deal.
On the other hand, the Egyptian Minister of Planning revealed that Egypt and Qatar are planning to establish a joint investment fund and are holding talks about its size and the economic sectors it will focus on.
The two countries also signed an agreement to eliminate double taxation on income and memorandums of understanding in the health and housing sectors.