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Egyptian Cabinet Approves SWF to Promote Egypt’s Wealth

Source: www.export-egypt.com 6/12/2015, Location: Africa

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The Cabinet has approved a proposal to establish a Sovereign Wealth Fund (SWF) to develop Egypt's wealth.

The SWF, to be named as "Amlak" will be owned by the State through the National Investment Bank.

The fund will cooperate with Arab and international investment funds in big national projects in Egypt.

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