Egypt to launch its 1st sovereign wealth fund for real estate sector soon

Minister of Planning Hala Al-Saeed said that Egypt has a keen interest in the idea of establishing a sovereign fund.

Al-Saeed added that The ministry has reached the final stages after many visits to several countries to discuss the possibility with them and access agreements for the principles of the law. A proposed bill is now with the cabinet for review.

The Minister added, at the Builders of Egypt Forum, that investment in this type of fund needs a strong infrastructure to attract other international funds through its investments.