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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

PM Reviews TSFE's Efforts to Lure Foreign, Local Investments


Wed 19 Apr 2023 | 10:53 AM
Ahmed Emam

Egypt's Prime Minister Mostafa Madbouli reviewed efforts exerted by The Sovereign Fund of Egypt (TSFE or the Fund) to attract foreign and local investments.

In a statement, Madbouli asserted the importance of keeping the efforts underway to create an investment-friendly environment in all sectors and rolling out more incentives to lure a larger number of investors into the Egyptian market and encourage current investors to expand their businesses in Egypt.

He also sheds light on the Fund's vital role as Egypt's investment arm that serves the State's development plans and policies.

The meeting also tackled coordination with the local and international bodies concerned to increase the private sector's engagement in many projects targeted by the Fund, such as desalination, renewable energy, and green hydrogen.

During the meeting, the Prime Minister affirmed the need to deepen public-private partnerships as effective and innovative tools for creating new markets and stimulating private investments in various sectors, according to Cabinet Spokesman Nader Saad.

In turn, Planning and Economic Development Minister Hala El Saeed and CEO of The Sovereign Fund of Egypt Ayman Soliman attended the meeting, along with a host of senior officials representing the Fund's various sectors.