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Wednesday, 21 April 2021

Now on the SFE’s menu: Water treatment + the Cosmic Village

Water treatment projects could be on the table for investors through the Sovereign Fund of Egypt (SFE), Planning Minister and fund chairperson Hala El Said tells Asharq. El Said did not provide further details on the projects, or what shape investments in them would take, saying the fund is currently studying the possibility of offering up the investments in partnership with local, regional, and international funds.

Meanwhile, investors now have until the beginning of September to submit bids in a tender to overhaul Mogamma El Tahrir, according to El Said. This new deadline suggests that the SFE will not ink contracts with a private sector investor for the Mogamma project by 3Q2021, as El Said had recently said. The fund issued the conditions booklet for the public-private partnership project to investors and foreign and local real estate developers earlier this month.

Remember the (frankly kind of creepy) Cosmic Village? That’s on the SFE’s investment menu now too, after the fund added the land on which the village was built to the assets under its education sub-fund, El Said said. The minister did not provide further details on the fund’s plan for the land.

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