The Sovereign Fund of Egypt (TSFE) has entered the top 50 global wealth list, according to the latest rankings released by the public asset tracking agency Sovereign Wealth Fund Institute (SWFI). TSFE, which has holdings worth $12bn, joins 13 Middle East funds in the top 50. The US-based institute ranked the Egyptian fund 12th in the Middle East region and 47th globally. El-Said said that the Sovereign Fund of Egypt has ambitious plans to expand its assets and partnerships in the coming years. She said that the fund is committed to contributing to Egypt’s Vision 2030, a plan to achieve sustainable economic development.
