Cairo – Mubasher: The Sovereign Fund of Egypt is set to establish more several sub-funds in line with the country’s priorities in the upcoming period, the Minister of Planning and Economic Development, Hala El-Saeed, said.
The country’s sovereign wealth fund has recently collaborated with the General Authority for Suez Canal Economic Zone (SCZone) as well as private sector investors to locally manufacture train cars to meet the local demand and increase exports especially to African countries, El-Saeed added in a statement on Monday.
In September, the fund announced the creation of four sub-funds for infrastructure and utilities, tourism and real estate, healthcare services and pharmaceutical industries, as well as financial services and digital transformation.
