Egypt Fund Is Sovereign Investment Fund Wholly Owned By Egypt with Independent Legal PersonalitySource: www.export-egypt.com 3/3/2019, Location: Africa |
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Minister of Planning, Monitoring and Administrative Reform Hala El Saeed stressed that the law of Egypt’s sovereignty Fund was published in the official gazette, which stipulates that it should be put into operation immediately, pointing out that the Fund represents a sovereign investment Fund wholly owned by the Arab Republic of Egypt and has an independent financial disclosure.
El Saeed cleared that the Fund aims to contribute to sustainable economic development through the management of its assets, in addition to optimizing its utilization in accordance with international standards and rules, in order to maximize its value for future generations. |
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