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Given the recent growth in the real estate sector in Egypt, the Oil Fund increased its investments in Egyptian real estate companies last year, with total investments amounting to $96.5m in seven firms. TMG had the largest share of them.
A company has been selected to evaluate assets according to their current market value, the Minister added.
Norwegian ‘Government Pension Fund Global’ invests $428m in EGX until end-2018
The issued framework for the planned EGP 200bn sovereign wealth fund (SWF), will come into force immediately, according to a report issued by the Minister of Planning and Administrative Reform, Hala Al-Saeed, on Sunday. According to the regulations published on Saturday in the Official Gazette, the fund, entitled “Misr Fund” would be an independent body …
Chinese ambassador expressed interest to support new fund, utilising China’s expertise