Egypt's Minister of Planning and Economic Development chairs the meetings of the general assemblies of TSFE four sub-funds

H.E. Dr. Hala El Said, the Minister of Planning and Economic Development and Chairperson of The Sovereign Fund of Egypt (TSFE) chaired the meetings of the general assemblies of the four subsidiary funds of TSFE, in the presence of members of the general assemblies and members of the boards of directors of the subsidiary funds.The meetings began with the General Assembly of the Egypt Sub-Fund for Utilities and Infrastructure, which witnessed the discussion of the annual report submitted by the Board of Directors and the strategic vision of the Fund.
The vision included the fund's endeavor to support the state's efforts to achieve comprehensive urban development in partnership with the private sector, focusing on the new and renewable energy, water treatment, transportation, logistics, and digital infrastructure sectors.

El-Said also chaired the meeting of the General Assembly of the Sub-Fund for Tourism, Real Estate Investment, and Antiquities Development, in the presence of members of the Board of Directors and members of the General Assembly.The meeting witnessed a review of the annual report, a presentation of the strategic plan, and the vision of the subsidiary fund, which focused on maximizing the benefit of Egypt's tourism and historical potential, architectural wealth, land, and untapped assets.El-Said also chaired the meeting of the General Assembly of the Egypt Sub-Fund for Health Services and Pharmaceutical Industries, in the presence of the members of the Board of Directors and members of the General Assembly. The fund’s vision included several pillars, the most important of which was supporting the realization and vision of Egypt 2030 in the health sector, and the localization of the pharmaceutical industry to transform Egypt into a regional center for the pharmaceutical industries and attract investors in the private sector by providing carefully designed investment opportunities in the field of private and public health services.



El-Said also chaired the meeting of the General Assembly of the Egypt Sub-Fund for Financial Services and Digital Transformation, in the presence of the members of the Fund’s Board of Directors and members of the General Assembly, where the annual report submitted by the Board of Directors for the fiscal year ending December 31 last year was discussed.For her part, El-Said said that she was keen to hold the meetings of the general assemblies of the four funds before the board of directors, to follow up on the work in the subsidiary funds, to present to the general assemblies, and to agree on the visions and strategic plans for each fund.El-Said stressed that the priorities that govern the strategic plans of the four funds are creating wealth for future generations by maximizing the return on state-owned assets and attracting investors from home and abroad to invest directly in various projects, developing assets and maximizing returns from them.
El-Said also pointed to the need to provide the largest number of opportunities for the private sector, to enter into constructive partnerships to localize advanced industries and technologies, and give priority to strategic projects that have development dimensions.