$7 billion .. total investments of "International Finance" since its inception in Egypt
In the field of climate finance, investments related to solar energy, green bonds and green buildings
Shrouq
The total cumulative investment made by IFC or made available through other investors and entities is more than $7 billion. It varies by $1.8 billion in climate finance, investments related to solar energy, green bonds, green buildings, and others, according to data issued by the Ministry of International Cooperation.
$340 million in healthcare
In addition to $95 million in investments in financial technology, venture capital, private equity funds, and startups, $340 million in healthcare and pharmaceutical companies, and nearly $200 million in agribusiness, investments worth $270 million in the field of sustainable manufacturing.
The Foundation has also supported more than 5,500 women-owned companies and entrepreneurs in light of efforts to promote social inclusion and support equal opportunities between the sexes.
The Ministry of International Cooperation said that since 2018, the International Finance Corporation has pumped investments and mobilized investments from other parties at a value of $3.2 billion in Egypt, in various priority development sectors, including $830 million in investments during 2023 to date.
Investment portfolio
The Foundation aims to increase its investment portfolio in Egypt based on the ongoing government efforts to promote economic and structural reforms that stimulate private sector investments, and to launch a document on state ownership policy that aims to expand the base of private sector participation in various fields of development.
By the end of May 2023, the current portfolio of the International Finance Corporation in Egypt recorded about $1.4 billion, of which infrastructure and renewable energy projects account for 36%, followed by manufacturing by 20%, then agricultural business and financial services by 15% each.
Investment sector in the Sovereign
On anther hand, Abdullah Al-Ibiari, head of the investment sector in the Sovereign Fund of Egypt, revealed that Egypt is focused on becoming the first or second center to attract green hydrogen investments in the world during the coming period due to advantages related to the geographical location and its presence on global trade routes, as opportunities for supplying ships with green hydrogen are increasing day after day.
Egypt aims to offer 32 state-owned companies on the stock exchange or through a strategic investor over a period of 4 years, with expected proceeds of $40 billion, or $10 billion annually.
Al-Ibiari said that the Egyptian Sovereign Fund is not only limited to preparing the companies that were announced in the government offering program, but also plays the role of technical advisor in the transactions or acquisitions that may take place between Arab sovereign funds and Egyptian companies.
Egyptian Sovereign Fund
In related context, Al-Ibiari said that the Egyptian Sovereign Fund is not only limited to preparing the companies that were announced in the government offering program, but also plays the role of technical advisor in the transactions or acquisitions that may take place between Arab sovereign funds and Egyptian companies.
Hoda Jalal, the representative of the Union of Arab Women Investors in the National Dialogue, demanded the need to move towards studying the reopening and operation of closed and troubled factories, as they are among the wasted resources that possess material and human capabilities and expertise.
This came in a joint session between the Industry and Investment Committees of the National Dialogue, on policies to localize and deepen industry and encourage small and medium industries.
Opening new export markets
She added that this step will contribute to making a major shift in opening new export markets and improving products with international specifications and quality.
The representative of the Union of Arab Women Investors indicated the importance of searching for external investors and that there be a joint committee between successful industries to open new foreign markets, especially in the African market, which has a good future, which will contribute to stimulating the movement of exports.
She stressed the need to create good support for small, medium and micro industries, provide them with advantages, market them and develop their ability to compete.
