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
Egyptian President Abdel-Fattah El-Sisi during the meeting (photo courtesy of the Egypian presidential spokesperson Facebook official page)
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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