Egypt’s Investment and Foreign Trade Minister Mohamed Farid said the government will redesign the Sovereign Fund of Egypt and its subsidiaries to attract private capital.
What happened
Farid announced a new operating model that would allow the fund to take minority stakes of 10% to 20% in selected projects. The aim is to lower entry risk for private investors and shift the fund’s role from project manager to capital supporter.
Why it matters
The change is intended to mobilise investment in priority sectors and improve the country’s macroeconomic outlook. GDP growth rose to 5.1% from 4.4%, and the government targets 5.5%‑6% growth.
Background
The Industrial Investment Fund has completed its establishment steps and is forming its board, with three to four deals under review. The ministry is also simplifying procedures, amending the Companies Law executive regulations, and testing a Capital Increase Procedures Platform. An Economic Entities Platform will link 92 government bodies and handle services for about 486 licences.
What comes next
Egypt will focus on targeted foreign‑direct investment in priority sectors, expand investment zones in governorates such as Benha, Mit Ghamr and Alexandria, and launch a regulatory trade lab to test foreign‑trade solutions. The government plans to announce further foreign‑direct investment initiatives soon.