Egypt creates industrial investment sub-fund under sovereign wealth fund
Egypt established an industrial investment sub-fund under its sovereign wealth fund, with authorised capital of EGP 10bn and paid-in capital of EGP 500m, aiming to boost exports and deepen local manufacturing.
Egypt has set up a new industrial investment sub-fund under its sovereign wealth fund, with authorised capital of EGP 10bn and paid-in capital of EGP 500m, the investment minister said. The fund is intended to support exports and deepen local manufacturing.