Sharm El-Sheikh – The Ministry of Planning and Economic Development is preparing to present new projects to investors in the water desalination projects sector in order to achieve water security. Daily News Egypt interviewed Minister of Planning and Economic Development Hala El-Said on the side-lines of the UN Conference of Parties on Climate Change (COP27) to learn about the new plans of Egypt’s Sovereign Fund. To start off, what are the specifics of the investment plan of Egypt’s Sovereign Fund for the coming period? Additionally, about $16.5bn in investments for the first phase of hydrogen projects will be implemented by 2025/26, $38bn by 2030, and $28.5bn by 2035. The state’s economy needs more participation from the private sector, which is what Egypt is doing through the sovereign fund.
