Egypt’s sovereign fund to launch $300 million healthcare fund

By Amwal Al Ghad English On May 6, 2020

coronavirus peak — An Egyptian doctor wearing two protective masks checks a patient's lung X-ray at the infectious diseases unit of the Imbaba hospital in the capital Cairo, on April 19,2020. (Photo Credit: Ahmed HASAN / AFP via Getty Images)

Egypt’s Sovereign Wealth Fund signed on Wednesday an agreement with New York-based Concord International Investments, to establish a joint venture to launch and manage a healthcare-focused fund with an initial target value of $300 million.

Concord International Investments is a SEC registered investment management company and one of the leading fund managers of Egyptian securities in the world.

The fund, which will invest primarily in Egypt, the Middle East, and Africa, aims to create a diversified healthcare platform, catering to the diverse needs of the growing population of the North African nation.

Egypt’s sovereign wealth fund Sovereign Fund