{"id":647332,"date":"2017-05-08T03:41:45","date_gmt":"2017-05-08T03:41:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/"},"modified":"2017-05-08T03:41:45","modified_gmt":"2017-05-08T03:41:45","slug":"govt-reconsiders-establishing-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/","title":{"rendered":"Gov\u2019t reconsiders establishing sovereign wealth fund"},"content":{"rendered":"

The government is reconsidering establishing a sovereign wealth fund to manage the state\u2019s underutilized assets, Al Mal<\/a> reported. The government had considered setting up the \u201cAmlak\u201d fund two years ago after consulting with Strategy&. Former Planning Minister Ashraf El Araby and former Investment Minister Ashraf Salman had reached an agreement to set up the fund and even had EGP 5 bn allocated for it in this year\u2019s budget but the agreement did not come to fruition.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is reconsidering establishing a sovereign wealth fund to manage the state\u2019s underutilized assets, Al Mal reported. The government had considered setting up the \u201cAmlak\u201d fund two years ago after consulting with Strategy&. Former Planning Minister Ashraf El Araby and former Investment Minister Ashraf Salman had reached an agreement to set up the fund […]<\/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":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647332","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6db2becd-32c4-4967-b741-14750642213f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647297],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t reconsiders establishing sovereign wealth fund - 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\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t reconsiders establishing sovereign wealth fund\" \/>\n<meta property=\"og:description\" content=\"The government is reconsidering establishing a sovereign wealth fund to manage the state\u2019s underutilized assets, Al Mal reported. The government had considered setting up the \u201cAmlak\u201d fund two years ago after consulting with Strategy&. Former Planning Minister Ashraf El Araby and former Investment Minister Ashraf Salman had reached an agreement to set up the fund […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-08T03:41:45+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\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t reconsiders establishing sovereign wealth fund\",\"datePublished\":\"2017-05-08T03:41:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/\",\"name\":\"Gov\u2019t reconsiders establishing sovereign wealth fund - 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The government had considered setting up the \u201cAmlak\u201d fund two years ago after consulting with Strategy&. Former Planning Minister Ashraf El Araby and former Investment Minister Ashraf Salman had reached an agreement to set up the fund […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-05-08T03:41:45+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gov\u2019t reconsiders establishing sovereign wealth fund","datePublished":"2017-05-08T03:41:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/"},"wordCount":84,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Egypt Politics + Economics","EnterpriseAM"],"articleSection":["Egypt Politics + Economics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/","name":"Gov\u2019t reconsiders establishing sovereign wealth fund - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-05-08T03:41:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/govt-reconsiders-establishing-sovereign-wealth-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019t reconsiders establishing sovereign wealth fund"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":637579,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/20\/is-the-world-bank-telling-us-to-get-a-sovereign-wealth-fund-of-our-own\/","url_meta":{"origin":647332,"position":0},"title":"Is the World Bank telling us to get a sovereign wealth fund of our own?","author":"enterpriseam admin","date":"20 November 2017","format":false,"excerpt":"Is the World Bank telling us to get a sovereign wealth fund of our own? World Bank Group Senior Vice President Mahmoud Mohieldin reportedly suggested that it \u201cwas imperative\u201d for Egypt to benefit from the revenues of the Zohr gasfield by establishing a sovereign wealth fund, Al Ahram reports. Mohieldin\u2019s\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":624395,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/egypt-wealth-fund-to-initially-focus-on-petrochem-tourism-pharma\/","url_meta":{"origin":647332,"position":1},"title":"Egypt wealth fund to initially focus on petrochem, tourism, pharma","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"Egypt sovereign wealth fund will focus its initial investments in the petrochemicals, pharma and tourism sectors for their high return rates, Planning Minister Hala El Said said at the Euromoney Conference on Wednesday, according to Al Mal. 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":599396,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/govt-transfers-egp-17-5-bn-worth-of-assets-into-sovereign-wealth-fund\/","url_meta":{"origin":647332,"position":2},"title":"Gov\u2019t transfers EGP 17.5 bn worth of assets into sovereign wealth fund","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"Assets worth EGP 17.5 bn have been transferred to Egypt\u2019s sovereign wealth fund (SWF), including a conference hall in Nasr City and the Bibliotheca Alexandrina, Planning Minister Hala El Said said, according to Al Mal. The government has hired legal and financial advisory firms to help it draft short- and\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":594112,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/sovereign-wealth-fund-could-feature-manufacturing-renewables-logistics-sub-funds-planning-minister\/","url_meta":{"origin":647332,"position":3},"title":"Sovereign wealth fund could feature manufacturing, renewables, logistics sub-funds -planning minister","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Egypt\u2019s EGP 200 bn sovereign wealth fund is considering setting up several sub-funds to channel investment into the logistics, renewables, and manufacturing sectors, said Planning Minister Hala El Said. The minister also said that the SWF\u2019s newly-appointed CEO Ayman Soliman started drumming up investor interest for the fund during the\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":647332,"position":4},"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":626779,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/house-budget-committee-approves-sovereign-wealth-fund-act\/","url_meta":{"origin":647332,"position":5},"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. 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