PM reviews TSFE’s strategy to maximize returns on state assets

Prime Minister Mostafa Madbouly convened with Minister of Investment and Foreign Trade Mohamed Farid and TSFE Chief Executive Noha Khalil to assess the Sovereign Fund of Egypt's strategy for optimizing state-owned assets. The primary objective was to convert underutilized public properties into profitable investment prospects through collaborations with the private sector.

Madbouly underscored TSFE's pivotal role in bolstering Egypt's status as a regional investment center while ensuring the interests of future generations are preserved. Farid revealed that the fund is implementing innovative operating models to augment asset value and draw in both domestic and foreign investors. Plans are underway to broaden the fund's international footprint via dedicated Africa-focused funds specifically targeting the banking, non-banking financial services, tourism, healthcare, and education sectors, alongside a separate industrial investment fund.

The discourse encompassed the fund's current asset portfolio, ongoing endeavors, and forthcoming investment initiatives. Emphasis was placed on diversifying investment models, enhancing operational efficiency, and prioritizing high-return sectors to drive sustainable economic expansion and secure long-term financial stability.