Global co-operation beween Sovereign funds boosts investment mechanisms: TSFE CEO

Ayman Soliman, CEO of The Sovereign Fund of Egypt (TSFE), said that cooperation between sovereign funds globally is an experience that has proven successful in providing investment mechanisms, elements, and principles.
He noted that such experience has not become a luxury.
 This came during Soliman’s participation in the “Presenting Investment Opportunities in Egypt” session, which was moderated by media figure Marwan Al-Hell.
TSFE's CEO added that the UAE was one of the first countries to launch sovereign funds in the world.
He stressed that UAE had made great effort and credit in benefiting others, to start launching sovereign funds.
 As for TSFE, Soliman says that it differs in its form and mechanisms from the rest of the international funds because the fund is working to explore wealth in Egypt, in areas such as tourism, the Suez Canal, and the information and technological infrastructure.
 Soliman added that the Egyptian fund works with a sectoral methodology, where it selects sectors that reflect investment opportunities or that have growth opportunities. On investing in TSFE, Soliman explained that the fund aims to shed light on the success stories of investing in Egypt and transfer them to any other country, whether in the Middle East or Africa.
For example, in the agricultural field, there are many areas and investment opportunities in cooperation, agriculture, agro-industrialization, information infrastructure, infrastructure, green economy, as well as financial inclusion, and non-bank financial services.
Soliman concluded his speech by saying that the investment opportunity in the New Administrative Capital stems from its market value.

 TSFE has two opportunities in the New Administrative Capital, the first with the increase in activities related to the New Capital, and the second by re-exploiting the buildings that will be evacuated in the city center, according to Soliman.