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Wednesday, 25 November 2020

Egypt's Sisi instructs SWF to focus on maximising value of state-owned assets

Sisi urged the fund to contribute more to localising technology industries, particularly in artificial intelligence, communications, education, transport, and logistics services

Ahram Online , Sunday 25 Oct 2020
SWF
Egyptian President Abdel-Fattah El-Sisi during the meeting (photo courtesy of the Egypian presidential spokesperson Facebook official page)
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Egyptian President Abdel-Fattah El-Sisi has instructed the country’s Sovereign Wealth Fund (SWF) to focus on putting forward a scientific vision to maximise the value of state-owned assets.

El-Sisi urged the fund to contribute more to localising technology industries, particularly in artificial intelligence, communications, education, transport, and logistics services.

El-Sisi’s directives were issued during a meeting on Sunday with Prime Minister Mostafa Madbouly, Planning Minister Hala El-Said, Telecommunications Minister Amr Talaat, and the SWF's CEO Ayman Soliman, a statement by presidential spokesman Bassam Rady said.

The president was briefed on the latest developments concerning the proposals for developing the iconic Mogamma building in Cairo’s Tahrir Square.

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