Planning Minister Hala El-Said, said that the Sovereign Fund belongs to the Egyptian people and that its primary mission is to create opportunities for national and foreign investors and preserve future generations’ rights.
This remarks were after the Sovereign Fund of Egypt (TSFE) which has holdings worth $12 billion, joins 13 Middle East funds in the top 50, according to the latest rankings released by public asset tracking agency Sovereign Wealth Fund Institute (SWFI).
She added that the fund is the state’s investment arm, aiming to promote investment opportunities in Egypt. She stressed that the fund focuses on implementing the state’s strategy to attract investments from the Egyptian and foreign private sectors.
Source: State Information Service Egypt