Sovereign Fund of Egypt logo - file
CAIRO - 20 July 2023: Egypt's sovereign wealth fund has joined the list of the 50 largest global sovereign funds, ranking 47th globally, and 12th in the Arab world, according to the latest update of sovereign wealth funds published by the SWF Institute.
The Sovereign Fund is the investment arm of the state; it aims to promote investment opportunities available in Egypt, focusing on implementing the state’s strategy to work to attract investments from the Egyptian and foreign private sectors.
The announcement of the Sovereign Fund of Egypt among the 50 largest sovereign funds in the world is an indication of the sincerity of the Egyptian vision in asset management.
The volume of managed assets of the Sovereign Fund of Egypt amounts to about $12 billion, and the fund has great opportunities to increase the volume of its assets and has an ambitious plan to expand partnerships with the private sector in the fields of: renewable energy, water desalination, education, agriculture, financial technology, infrastructure investment management and the tourism facilities sector.