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Egypt’s TSFE considers 44 projects with EGP 140B in investments

Egypt’s TSFE considers 44 projects with EGP 140B in investments

Arab Finance: The Sovereign Fund of Egypt (TSFE) is studying 44 projects with EGP 140 billion in investments, CEO of TSFE Ayman Soliman said during the fund’s general assembly on September 17th.

The projects will be carried out in the sectors of facilities and infrastructure, telecommunication, tourism, real estate, restoration of monuments, healthcare and pharmaceuticals, agriculture, food industries, and education, Soliman highlighted.

Moreover, the fund has been successful in implementing or signing binding agreements of 10 projects in 2021, with EGP 25.5 billion in investments, he said.

These 10 projects are in the sectors of facilities and infrastructure, tourism, real estate, restoration of monuments, financial services and digital transformation, education, and industry, Soliman added.

The TSFE is expected to achieve further success in light of the various projects it considers for the coming five years, he remarked.

Furthermore, the CEO of TSFE noted that the fund joined several global consortiums, which reflects the solid position of Egypt economically and politically, and paves the way for new investment opportunities and partnerships.

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