RIYADH: Egypt has established a 10 billion Egyptian pounds ($195 million) industrial investment sub-fund to support export-oriented companies, deepen capabilities and increase local content. The vehicle, with initial paid-in capital of 500 million pounds, was established as a wholly owned sub-fund of the Sovereign Fund of Egypt under a board resolution issued by the Minister of Investment and Foreign Trade and SFE Chairman Mohamed Farid Saleh, according to a statement. The fund comes as Egypt se
Egypt establishes $196m industrial investment sub-fund to boost exports
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