Cairo – Mubasher: The Sovereign Fund of Egypt is looking to invest in the first package of state-owned unused assets worth between EGP 50-60 billion in the coming 12 months, the Middle East News Agency (MENA) reported, citing the fund’s CEO Ayman Soliman as saying.
The fund is planning to develop Cairo’s downtown to a tourist attraction by investing in unused assets owned by ministries in partnership with public- and private-sector companies, Soliman added on Monday.
The CEO further revealed that the fund will partner with Suez Canal Economic Zone (SCZone) in the coming period.
the fund has established four sub-funds in the healthcare, infrastructure, food and agricultural manufacturing, and financial services and technology. Three other sub-funds are currently being established.
