Egypt - Prime Minister Mostafa Madbouly held a meeting with the Sovereign Fund of Egypt (TSFE) to discuss the promotion of investment opportunities in the Egyptian market around the world. Minister of Planning and Economic Development Hala El-Said told Daily News Egypt earlier that TSFE is in the process of a new promotional round for the Pre-IPO Fund. The sources explained that the companies are about to complete the financial restructuring ahead of offering stakes to global sovereign funds. The Sovereign Fund will present investment opportunities in this sector during the coming period, especially after it attracted large pledges in the hydrogen sector as part of a plan to transform Egypt into a regional centre for renewable energy, according to El-Said’s statements to Daily News Egypt. © 2022 Daily News Egypt.

Source: Daily News Egypt November 30, 2022 19:08 UTC