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· Egypt’s Sovereign Fund is presently valued at LE 20 billion, according to the government sources
· The fund is expected to reach a volume of LE 30 billion by the end of next year 2022. The fund’s capital amounts to about LE 5 billion in cash
· The in-kind assets in the Fund represents about LE 8 or LE 9 billion. The exact amount will be known after a process of evaluation, which is currently underway
Egypt’s Sovereign Fund is presently valued at LE 20 billion, according to the government sources. The fund is expected to reach a volume of LE 30 billion by the end of next year 2022. The fund’s capital amounts to about LE 5 billion in cash. The in-kind assets in the Fund represents about LE 8 or LE 9 billion. The exact amount will be known after a process of evaluation, which is currently underway.
The financial and banking sector accounts for about 20 percent of the total portfolio. The rest is for the tourism and real estate sectors. The fund is looking to increase the volume of the portfolio in infrastructure assets to make the infra network comparable to the best in the world.
The fund has 4 sub-funds dedicated to, real estate sector, tourism, financial services, health care and pharmaceutical manufacturing. Also, the fund will target sectors like the education and food industries in the coming days. Anew sub-fund, to invest in the technology, development and innovation sector will be created. The sub-funds target high-growth sectors that achieve sustainable development for the Egyptian economy. The Sovereign Fund is looking at expanding its investments outside the country.
