PM discusses Egypt's Sovereign Fund's role in optimizing state assets with Investment Minister
Egypt - Prime Minister Mostafa Madbouly met today with Hassan El-Khatib, Minister of Investment and Foreign Trade, to review the ongoing efforts of the Sovereign Fund of Egypt (TSFE) in maximizing returns from state-owned assets.
The Prime Minister emphasized that this meeting is part of the government's commitment to monitoring and enhancing the national sovereign fund's role in optimizing state-owned assets. The Sovereign Fund's primary goal is to promote these assets as attractive investment opportunities that will generate revenue to strengthen the national economy. He further noted that Egypt's competitive business environment makes it a strategic investment hub in the region.
El-Khatib outlined the Sovereign Fund's strategies and initiatives aimed at attracting joint investments in state-owned assets. He highlighted the fund's efforts to ensure the efficient management and utilization of public sector entities and companies, aligning with Egypt's approach to fostering a favorable investment climate. This includes expanding private sector participation in key economic sectors.
El-Khatib also discussed key progress in the implementation of the government offerings program, in line with the State Ownership Policy Document. He emphasized the importance of public-private partnerships in maximizing returns on state assets and provided an update on efforts to facilitate the listing of previously announced companies.
In addition, El-Khatib highlighted the Sovereign Fund's role in the revitalization of Khedivial Cairo and the Government Ministries District. He pointed out the potential of these historic buildings as lucrative investment opportunities for major investors, with ongoing proposals to transform them into hotels and commercial spaces, preserving their architectural heritage while boosting economic development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East Eye
a day ago
- Middle East Eye
Iran to reveal 'treasure trove' of captured Israeli intelligence documents
Iran's Intelligence Minister Esmail Khatib announced on state television Sunday that Tehran possesses a cache of sensitive Israeli documents, calling them a "treasure trove" that will enhance Iran's military capabilities. State media reported the documents contain information about Israel's nuclear facilities, defence systems, and foreign relations with the US and European nations. While the origin of the breach remains unclear, it may connect to last year's alleged hack of an Israeli nuclear research centre. Khatib stated the documents' transfer required extensive security measures, adding: "Talking of thousands of documents would be an understatement." The minister confirmed the materials would be made public soon, though the methods of acquisition would remain secret.
Sharjah 24
5 days ago
- Sharjah 24
UAE, Egyptian Presidents discuss fraternal ties, regional devts
The discussions took place during President El-Sisi's fraternal visit to the UAE, wherein His Highness received him at Qasr Al Shati in Abu Dhabi. At the start of the meeting, the two leaders exchanged greetings and best wishes ahead of Eid Al Adha, praying to God to bless the occasion with health and happiness for all and grant continued prosperity and blessings to both nations and their peoples. The two leaders also reviewed regional and international issues of mutual concern and exchanged views on recent developments in the Middle East, particularly efforts to restore security and stability in the region. They stressed the importance of intensifying efforts to achieve a ceasefire in the Gaza Strip and work towards a clear political horizon for a just and comprehensive peace based on the two-state solution, ensuring security and stability for all. His Highness Sheikh Following the meeting, His Highness the President hosted a luncheon in honour of the Egyptian President. The Egyptian President departed the UAE at the conclusion of his fraternal visit. He was bid farewell at the Presidential Airport by His Highness Sheikh Mohamed bin Zayed Al Nahyan, along with a number of Sheikhs and senior officials.
Al Etihad
7 days ago
- Al Etihad
M42, AstraZeneca, SOPHiA GENETICS to transform cancer diagnosis, care
3 June 2025 14:30 ABU DHABI (ALETIHAD)M42, a global health leader powered by technology, announced a strategic collaboration with AstraZeneca and SOPHiA GENETICS to bring cutting-edge liquid biopsy testing to the UAE, aimed at advancing cancer diagnosis, informing treatment decisions, and enabling faster, accurate biomarker testing across a broad range of part of the collaboration, M42 will integrate SOPHiA GENETICS' MSK-ACCESS®, powered with SOPHiA DDM™ technology, into its testing infrastructure, enabling non-invasive genomic profiling of cancers through a simple blood approach does not replace but rather complements routine cancer screenings, and is designed for patients who are unable to undergo a solid tumor biopsy, enabling them to be matched with a precision therapy tailored to their specific cancer the next 12 months, the partnership will enable liquid biopsy testing access across select leading hospitals across the UAE, providing patients with faster, less invasive biomarker insights compared to traditional tissue biopsies, while also strengthening testing infrastructure and capabilities for a wide range of cancers in the new testing programme will initially target lung, ovarian, breast, colorectal, and pancreatic cancers, among others, addressing some of the most critical cancer burdens in the studies are set to commence shortly at Cleveland Clinic Abu Dhabi, marking a key milestone toward the full clinical launch planned for the latter part of Q2 El-khani, Senior Vice President, Operations, Integrated Health Solutions at M42, said, 'This collaboration reflects our vision of democratising health by making advanced diagnostics accessible to more patients, supporting not just early diagnosis but also real-time treatment monitoring and cost-effective, precise, predictive, and personalised care.'Sameh El Fangary, Cluster President GCC of AstraZeneca, stated, "Our work, and our collaborations with partners across industry, are driving towards better treatments for patients as well as a more sustainable future for healthcare systems. Through our latest partnerships, we are committed to transforming cancer care for millions in the region by advancing early diagnosis and optimising patient pathways from detection to therapy.' Ross Muken, President of SOPHiA GENETICS, said, "Expanding access to advanced testing technologies is central to our mission at SOPHiA GENETICS. Partnering with M42 and AstraZeneca in the UAE allows us to equip healthcare providers with the tools they need to personalise care, monitor disease in real-time, and ultimately improve outcomes for patients across the region." Source: Aletihad - Abu Dhabi
