Offering aims to collect $500m, of which $50-75m from one or more strategic investors
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Abbas told Daily News Egypt that there was no specific land allocated for the fund as of yet, but the ministry provides them with investment opportunities and technical support for real estate projects.
The fund is moving quickly and confidently towards activating its investment work and attracting investments in line with the sustainable development strategy, says Hala Al-Saeed
Mr. Ayman Mohamed Soliman brings 22 years of experience managing a group of 200+ companies spanning a diverse set of industries, with a global investment and transaction record of accomplishment, and a long-standing track record in managing complex assets and running mega transactions. Over the past 17 years, Mr. Soliman served as a board member …
A company has been selected to evaluate assets according to their current market value, the Minister added.
The issued framework for the planned EGP 200bn sovereign wealth fund (SWF), will come into force immediately, according to a report issued by the Minister of Planning and Administrative Reform, Hala Al-Saeed, on Sunday. According to the regulations published on Saturday in the Official Gazette, the fund, entitled “Misr Fund” would be an independent body …
Chinese ambassador expressed interest to support new fund, utilising China’s expertise