37 billion EGP.. Foreign investments for the Sovereign Fund of Egypt

Egyptian President Abdel Fattah El-Sisi directed that the Sovereign Fund of Egypt should make optimal use of the state’s assets and property and develop them in a sustainable manner to maximize the return from them and to preserve the capabilities of the current and future generations.

Egypt Sovereign Fund

In a statement by the Presidency of the Republic, El-Sisi stressed that the "Egypt Sovereign Fund" is the ideal investment partner for the private sector, which in turn is considered an essential partner in the development process, especially through the fund's implementation of the state ownership document to enhance the process of private sector participation.

The president was also briefed on the features of the promotional program that the fund intends to launch in a number of Gulf and European countries regarding investment opportunities in Egypt to enhance the investment map, the fund's investment priorities and targeted projects in various sectors during the coming period.

The projects of the Sovereign Fund of Egypt focus on investing in national projects, including:

1- Switching to green energy

2- Supporting digital transformation and financial services

3- Focusing on localizing the industry in a number of sectors

4- Focusing on pharmaceutical industries, vaccines and renewable energy requirements.

5- Providing investment opportunities in agricultural reclamation and petrochemicals.

The following is the total activity of the “Egypt Sovereign Fund” during the last period, as it has contributed since its establishment to:

1- Attracting 43% of the total foreign direct investment, with 14 projects and a value of about 37 billion pounds.

2- Foreign investments focus on a number of important sectors of the economy, especially green hydrogen, water desalination, and education.

3- Exploiting government buildings and assets that will be vacated in preparation for moving to the new administrative capital, in which the most important elements of investment attraction are entrepreneurship, administrative, hotel and educational activities.

4- Presenting the partnerships concluded by the “Egypt Sovereign Fund” with a number of Arab and international sovereign funds and their role in providing joint investment opportunities, as well as presenting the work plan of the Sub-Proposal Fund and the mechanism for implementing the state ownership document in order to provide diversified and attractive investment opportunities.