The Sovereign Fund of Egypt ( ar, links=no, صندوق مصر السيادي) is a

Sovereign wealth fund A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as ...

, owned by the Arab Republic of

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Medit ...

, Its established in 2018 by Law No. 177 of 2018 and amended by Law No. 177 of 2020, with the aim of contributing to the financial economic development of Egypt through the management of funds and assets owned or transferred to it, as well as investing in many different economic activities. The Fund’s Board of Directors consists of a non-executive chairman who is the Minister of Planning and Economic Development, the membership of the Executive Director of the Fund, and representatives from the Ministry of Planning,

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

, the

Central Bank of Egypt The Central Bank of Egypt (CBE; ar, البنك المركزي المصري) is the central bank and monetary authority of Arab Republic of Egypt. Currency Since the trading of gold and silver coins in Egypt and until 1834, there was no one ...

, and the General Authority for Investment and Free Zones, in addition to seven independent members with experience. The Sovereign Fund of Egypt includes four affiliated subfunds operating in many fields, In 2020, The Sovereign Fund of Egypt ranked 43rd among 93 sovereign wealth funds globally in terms of asset size in a set of rankings created by the Sovereign Wealth Fund Institute, The capital of the fund is about 11.2 billion US dollars.

Sub-funds

The Sovereign Fund of Egypt is included on four affiliated sub-funds: * TSFE Tourism, Real estate & Antiquities sub-fund. * TSFE Healthcare & Pharma sub-fund. * TSFE Infrastructure & Utilities sub-fund. * TSFE Financial Services & Fintech sub-fund.

Investments

* The fund participates in

green hydrogen Green hydrogen (GH2 or GH2) is hydrogen generated by renewable energy or from low-carbon power. Green hydrogen has significantly lower carbon emissions than grey hydrogen, which is produced by steam reforming of natural gas, which makes up the b ...

projects inside Egypt. * It has owned the

The Mogamma The Mogamma (Arabic: مجمع التحرير, also spelled ''Mugamma'', roughly translated as 'the complex') is a government building in Cairo, Egypt. The Mogamma was the result of a series of master plans for the Qasr el Nil area (now Tahrir Squ ...

, the land of the former National Party, the Global Village, the land of the Ministry of Interior in

Cairo Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the Capital city, capital of Egypt and its largest city, home to 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, List of ...

. * It has owned a part of the three power stations in Egypt created by Siemens ( Borollos,

New Administrative Capital The New Administrative Capital (NAC) ( ar, العاصمة الإدارية الجديدة, al-ʿĀṣima al-ʾIdārīya al-Gadīda) is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt's n ...

, and Beni Suef).

References

External links

* {{Portal bar, Egypt, Business Business in Egypt Economy of Egypt Sovereign wealth funds

Sub-funds

Investments

See also

References

External links