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Sunday, 26 September 2021

SFE eyes tech sub-fund

The Sovereign Fund of Egypt (SFE) is working to launch a technology-focused sub-fund, CEO Ayman Soliman told Al Arabiya. The fund will invest in tech essential to high-growth sectors, manufacturing and sustainable development, Soliman said, without disclosing a target value for the fund or providing further details.

The SFE is also planning to launch a fund targeted at the education industry: Soliman said last month that an education sub-fund would finance the construction of hundreds of schools across the country targeted at middle-class families.

These will be the fifth and sixth sub-funds operated by the SFE: The SFE already operates healthcare, financial services, tourism and real estate, and infrastructure sub-funds.

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