{"id":630345,"date":"2018-04-18T04:14:41","date_gmt":"2018-04-18T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/"},"modified":"2018-04-18T04:14:41","modified_gmt":"2018-04-18T04:14:41","slug":"egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/","title":{"rendered":"Egypt\u2019s sovereign wealth fund to be established within six months, says El Said"},"content":{"rendered":"

Egypt\u2019s EGP 200 bn sovereign wealth fund is expected launch within six months<\/strong>, by which time the legislation establishing the fund should receive the necessary sign-off from the House of Representatives, Planning Minister Hala El Saeed told reporters yesterday, Al Mal reports<\/a>. The government is currently in talks with regional and European institutions to take part in forming the fund\u2019s sector-specific units, the minister said. Cabinet had approved last week<\/a> the establishment of the fund, which will be charged with investing state funds locally and abroad across asset classes and will be tapped to manage underutilized assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s EGP 200 bn sovereign wealth fund is expected launch within six months, by which time the legislation establishing the fund should receive the necessary sign-off from the House of Representatives, Planning Minister Hala El Saeed told reporters yesterday, Al Mal reports. The government is currently in talks with regional and European institutions to take […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630345","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7f58aabc-59e2-4071-846a-c4ed93e49273","order":"0","is_powered_by":true,"section_story_id":"89b1530f-7777-463d-9a2e-1414ff12f035","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630331],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s sovereign wealth fund to be established within six months, says El Said - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s sovereign wealth fund to be established within six months, says El Said\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s EGP 200 bn sovereign wealth fund is expected launch within six months, by which time the legislation establishing the fund should receive the necessary sign-off from the House of Representatives, Planning Minister Hala El Saeed told reporters yesterday, Al Mal reports. The government is currently in talks with regional and European institutions to take […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T04:14:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s sovereign wealth fund to be established within six months, says El Said\",\"datePublished\":\"2018-04-18T04:14:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/egypts-sovereign-wealth-fund-to-be-established-within-six-months-says-el-said\/\",\"name\":\"Egypt\u2019s sovereign wealth fund to be established within six months, says El Said - 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El Saeed added that a manager for the wealth fund will be chosen\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627344,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/30\/sarie-eldin-pwc-baker-mckenzie-selected-to-advise-cabinet-on-governing-regulations-for-egp-200-bn-sovereign-wealth-fund\/","url_meta":{"origin":630345,"position":1},"title":"Sarie-Eldin, PwC, Baker Mckenzie selected to advise cabinet on governing regulations for EGP 200 bn sovereign wealth fund","author":"enterpriseam admin","date":"30 July 2018","format":false,"excerpt":"Sarie-Eldin, PwC, Baker Mckenzie selected to advise cabinet on regulations governing EGP 200 bn sovereign wealth fund: The Madbouly Cabinet has entered into an agreement with a consortium of firms including Sarie-Eldin & Partners, PricewaterhouseCoopers and Baker McKenzie to advise on the establishment of the framework and governing structure of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593135,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/egypts-tharaa-mulls-cooperation-with-oman-investment-fund\/","url_meta":{"origin":630345,"position":2},"title":"Egypt's Tharaa mulls cooperation with Oman Investment Fund","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"Tharaa mulls cooperation with Oman Investment Fund: Egyptian sovereign wealth fund Tharaa is in talks with the Oman Investment Fund to set up a partnership akin to the USD 20 bn investment platform it established with the Abu Dhabi Development Holding Company (ADDH), said Planning Minister Hala El Said, according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/3022.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-swf-joins-international-wealth-fund-body\/","url_meta":{"origin":630345,"position":3},"title":"Egypt\u2019s SWF joins international wealth fund body","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"Egypt Wealth Fund joins international industry body: Egypt\u2019s sovereign wealth fund has joined the International Forum of Sovereign Wealth Funds (IFSWF) as an associate member, the IFSWF said in a statement. Associate membership is granted for three years and will require the Egyptian fund to implement the Santiago Principles, which\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626779,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/house-budget-committee-approves-sovereign-wealth-fund-act\/","url_meta":{"origin":630345,"position":4},"title":"House Budget committee approves sovereign wealth fund act","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives\u2019 Budget Committee approved on Tuesday legislation establishing Egypt\u2019s EGP 200 bn sovereign wealth fund, Al Mal reports. The committee will submit its report on the legislation to the House general assembly next week. Planning Minister Hala El Saeedhad said last month that the fund\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592688,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/sovereign-wealth-fund-capital-to-quintuple-to-egp-1-tn\/","url_meta":{"origin":630345,"position":5},"title":"Sovereign wealth fund capital to quintuple to EGP 1 tn","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"Speaking of the sovereign wealth fund: Egypt\u2019s SWF will see its initial capital rise fivefold to EGP 1 tn from EGP 200 bn after President Abdel Fattah El Sisi directed officials to raise its authorized capital, Planning Minister Hala El Said recently said. 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