President Abdel Fattah El-Sisi has ratified Law No. 147 of 2026, restructuring the Future of Egypt Authority for Sustainable Development and broadening its role in advancing national development and strengthening the state’s economic capacity.
The legislation, approved by the House of Representatives, designates the authority as a national entity of a special nature reporting directly to the president.
It grants the authority independent legal personality, as well as technical, financial and administrative autonomy. Its headquarters will be located in Cairo, with the option to establish branches and offices in Egypt and abroad.
The authority will work to maximize the state’s economic strength and support its strategic development goals, while balancing national security considerations with the pursuit of higher economic returns.
Its activities will be carried out in line with Egypt’s sustainable development plan and urban development vision, with an emphasis on increasing private-sector participation in development projects.
The authority’s mandate includes supporting food, water and energy security, contributing to national economic development, preserving state assets and sovereign wealth, and promoting social justice.
It will also formulate and oversee policies for sustainable development zones and prepare a national strategy for their classification, development, operation, management and promotion within Egypt and internationally.
The authority will be responsible for creating an attractive investment environment in these zones, developing inspection and regulatory systems, and establishing a unified database covering investment opportunities, economic activities, financial indicators, trade flows and investment movements.
The new framework is intended to provide the authority with greater financial and administrative flexibility, enabling it to manage state assets more efficiently and support national development priorities.
Under the law, the authority may invest and reinvest its allocated funds in Egypt and abroad in accordance with an approved investment policy aligned with international sovereign wealth fund principles.
Returns generated from these investments will be used to support the state budget.
The authority’s funding sources will include fees and service charges, investment income, proceeds from asset utilization, revenues from managing state-owned property assigned to it, and its share of profits from affiliated companies and funds.
Additional resources may include grants, donations, loans, credit facilities, fines and other funding approved by the board of directors or authorized by presidential decree.
The law also establishes two funds affiliated with the authority: a sovereign fund and a services fund.
Their resources will include returns on invested assets, profits from affiliated companies and funds, management and supervision fees, grants, donations, loans and other funding approved by the board or authorized by the president.
The legislation also requires the state treasury to allocate the necessary funding for the authority to settle outstanding taxes, fees and other financial obligations, including related additional taxes and penalties incurred before the law takes effect.
The payment mechanism will be determined through a decision issued by the prime minister.
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