Sisi called for providing food products and medical supplies and urged the government to benefit from the experience of international financing institutions in obtaining financial and technical support to the Egyptian economy.
Soliman added that the fund is working on preparing a second stage of transferring the exploited and untapped assets.
Chief Executive Officer of Egypt's Sovereign Wealth Fund Ayman Soliman received an award from leading economics magazine Business Today, during the annual BT100 ceremony that honors top influential figures and companies positively impacting the Egyptian e
Saeed added in a statement that the establishment of Egypt's Sovereign Fund comes as one of the effective partnership mechanisms between the public and private sectors.
The 28th Euromoney Conference in Cairo themed resilience and agility kicked off on Tuesday.
The committee will include a raft of legal and economic experts, Saeed said in a statement.
The minister of planning said the consortium is preparing the basic regulations of the Sovereign Fund, and will end its work within weeks.
Egypt plans to launch its first sovereign fund by the end of the year, Hala al-Saeed, acting planning minister, said
Establishing a sovereign wealth fund to manage state assets aims to contribute to the sustainable development and optimal use of public resources.
A wrap-up of the most prominent business news of the day.
The fund aims to manage and make use of the state’s assets with a capital of LE 200 billion, Planning Minister Hala al-Saeed said.