IDSC highlights efforts of Egypt’s Sovereign Fund
Egyptian Cabinet Information and Decision Support Center (IDSC) highlighted the Sovereign Fund of Egypt’s (TSFE) successful implementation efforts for ten projects during 2021 with a total investment of 25.5 billion Egyptian pounds, its report read on Thursday.
The Fund’s share reached about 3.9 billion pounds, the domestic private sector was about 6.1 billion pounds, while the foreign private sector amounted about 15.4 billion pounds, the report added.
IDSC’s report further noted that the fund has 44 projects under consideration in seven different sectors with a total investment value of 140 billion pounds, as the Fund’s target share of these projects is about 31.8 billion pounds.
The Global Sovereign Wealth Fund (SWF) explained in its annual report for 2022 that the volume of sovereign fund investments globally has recorded about $10.5 trillion in 2021 and is expected to reach $17.7 trillion by 2030.