16 September 2019 02:51 PM

Board of Egypt's sovereign wealth fund groups galaxy of experts -- ministry

Saturday، 25 May 2019 - 02:37 PM

Ministry of Planning, Monitoring and Administrative Reform stressed that the board of directors of Egypt's sovereign wealth fund groups a galaxy of experts in all fields.

In a statement on Saturday 25/05/2019, the ministry said that President Abdel Fattah El Sisi has recently issued a decision to form the fund's board of directors.

The prime target of establishing Egypt's sovereign wealth fund is to utilize the country's untapped resources, contribute to increasing the state's revenues and enhance partnership between the public and private sectors.

The fund represents a tool for narrowing the financing gap for development projects necessary for achieving sustainable development goals.

MENA

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