Egypt to set up infrastructure investment fund


(MENAFN) The government will establish a dominant wealth fund to invest in infrastructure, which will be owned by the state with subsidiaries funds for many sectors.

Among those sectors are; agriculture, electricity, and industry, while number of Arab investments funds will participate with 50 percent.

Moreover, the country's plan aims to achieve sustainability in collaboration with private sector and civil society, as well as many global organizations.

Accordingly, Egyptians live on 7 percent of Egypt's total area, which represents challenge of the slowing economic growth, while it aims to reach economic growth of 6 Pct.


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.