Prime Minister Mostafa Madbouli held a meeting on Thursday to follow up on the work of Egypt’s Sovereign Fund to maximize returns from state-owned assets. The session was attended by Deputy PM for Economic Affairs Hussein Issa, Investment Minister Mohamed Farid, and senior officials from the fund and the ministry.
Madbouli stressed the government’s priority to turn unused resources into sustainable development opportunities. He said the fund acts as Egypt’s investment arm, helping attract foreign capital through strategic partnerships with the private sector. The aim is to strengthen the economy and secure benefits for future generations.
The prime minister highlighted the fund’s role in the government’s privatization program, designed to bring in quality investors and expand private sector participation.
Cabinet spokesperson Mohamed El-Homsany said the meeting reviewed key assets managed by the fund, including joint ventures, holding companies, and real estate. Discussions covered plans to market prime properties to local and international developers, ensuring maximum value and foreign currency inflows through housing, offices, retail, and hotels.
The meeting also examined proposals for new specialized funds in industry, real estate, health innovation, and African markets, alongside a sports fund to boost Egypt’s regional role.
