President El-Sisi Meets the Prime Minister and the Minister of Planning and Economic Development

Yesterday, President Abdel Fattah El-Sisi met with Prime Minister, Dr. Moustafa Madbouly, and Minister of Planning and Economic Development, Dr. Hala El-Said.

Spokesman for the Presidency, Counselor Ahmad Fahmy, said President El-Sisi was briefed on the projects and activities of The Sovereign Fund of Egypt (TSFE), which aims to increase and develop the size and scope of investments in Egypt, with a focus on priority sectors for the development and growth of the national economy. Those include digital transformation, health, education, the industry, agriculture, green hydrogen and water desalination.

The meeting reviewed the partnerships the Fund has struck with a number of Arab and international sovereign funds, the Fund’s role in providing joint investment opportunities as well as its investment priorities and the projects targeted in the various sectors during the coming period. It was noted that the Egyptian Fund is among the world’s 50 largest Sovereign Funds, despite its recent establishment in 2018 and the multiple regional and international challenges over the past years.

President El-Sisi gave directives for the Sovereign Fund of Egypt to further strengthen efforts toward leveraging and developing the state’s promising investment opportunities, in a well-studied and sustainable manner with full collaboration with the private sector. This aims to boost the resources of the present and future generations of all Egyptians and build a growing and diverse economic and investment basis, conducive to generating more outstanding jobs for the citizens, increasing income average and raising the standard of living.