New $2bn in investments through FDIs, Egyptian Stock Market

H.E Mr. Mostafa Madbouly, the Prime  Minister of the Arab Republic of Egypt held a meeting at the Cabinet Headquarters, on Monday, to overview the Sovereign Fund of Egypt's efforts to attract more investments in various economic sectors.

The meeting was attended by Dr. Hala Elsaid, Minister of Planning and Economic Development, Mr. Ayman Soliman, Chief Executive Officer at the Sovereign Fund of Egypt, and Mr. Mohamed Aba Zeid, Legal Adviser to the Minister of Planning.  

Dr. Hala Elsaid, in her capacity as the Chairman of the Board of Directors of Egypt's Sovereign Fund, has announced that the Fund succeeded in attracting and directing large-sized foreign investments, in partnership with strategic investors from the private sector.

The investments exceeded $2 billion, through foreign direct investments, and the Egyptian Stock Exchange.

 Details of these investments will be announced over  the next few weeks, the Minister said.

Dr. Elsaid added: "These investment deals will foster the country's economic development and enhance Egypt's position as one of the leading investment destinations in the world. With the economic growth that Egypt is witnessing, and its commitment to achieving comprehensive sustainable development through its long-term vision, (Egypt's Vision 2030), more partnerships and similar deals will be implemented”.

She pointed out that this success comes within the framework of the state's efforts to attract and encourage direct foreign investments to Egypt, and the ongoing efforts of the Sovereign Fund to attract FDIs to Egypt in various economic sectors.