Masress : Egyptian expats have an appetite for investment in tourism, pharmaceutical, education sectors: Ayman Soliman

US economy slows to 1.6% in Q1 of '24 – BEA EMX appoints Al-Jarawi as deputy chairman Mexico's inflation exceeds expectations in 1st half of April GAFI empowers entrepreneurs, startups in collaboration with African Development Bank Egyptian exporters advocate for two-year tax exemption Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities Italy hits Amazon with a €10m fine over anti-competitive practices Environment Ministry, Haretna Foundation sign protocol for sustainable development After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida World Bank pauses $150m funding for Tanzanian tourism project China's '40 coal cutback falls short, threatens climate Swiss freeze on Russian assets dwindles to $6.36b in '23 Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production Climate change risks 70% of global workforce – ILO Health Ministry, EADP establish cooperation protocol for African initiatives Prime Minister Madbouly reviews cooperation with South Sudan Ramses II statue head returns to Egypt after repatriation from Switzerland Egypt retains top spot in CFA's MENA Research Challenge Egyptian public, private sectors off on Apr 25 marking Sinai Liberation EU pledges €3.5b for oceans, environment Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail Debt swaps could unlock $100b for climate action Acts of goodness: Transforming companies, people, communities President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution Amal Al Ghad Magazine congratulates President Sisi on new office term Egypt starts construction of groundwater drinking water stations in South Sudan Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program" Financial literacy becomes extremely important – EGX official Euro area annual inflation up to 2.9% – Eurostat BYD، Brazil's Sigma Lithium JV likely UNESCO celebrates World Arabic Language Day Motaz Azaiza mural in Manchester tribute to Palestinian journalists Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

Egyptian expats have an appetite for investment in tourism, pharmaceutical, education sectors: Ayman Soliman
Every EGP 1 injected into The Sovereign Fund of Egypt brings 10-fold from investors

Alyaa Stohy Published in Daily News Egypt on 10 - 03 - 2020

Ayman Soliman, CEO of The Sovereign Fund of Egypt (TSFE), said that Egyptians expatriates have an appetite for investment in tourism, pharmaceutical, and education sectors, while foreign investors are more interested in the food and infrastructure ones.
On the sidelines of his participation in the fifth edition of Capital Markets Summit, held on Tuesday, dubbed “The Money Market: Multiple Financing Windows,” Soliman added that the sovereign fund would have one role in reducing public debt by creating partnerships to exploit untapped assets and recycle capital.
He further added that the debt in this case would be transferred to the private sector and would not be linked to the state in a way that, thus reducing previous and future financial burdens.
The role of the sovereign fund in its partnership with the National Service Projects Organisation is not a manager of offering companies in Egyptian Exchange, but rather it will be an investment and a study of investment opportunities in all sectors. Additionally, pumping one Egyptian pound into the fund, brings EGP 10 from investors.
"The most important investment decision of the fund is to select a partnership with investors in a way that enables them to achieve the best return on their investment,” Soliman concluded.

Clic here to read the story from its source.