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FINANCIAL NEWS
Egypt to set up infrastructure investment fund
29 Mar 2016
(MENAFN) The government will establish a dominant wealth fund to invest in infrastructure, which will be owned by the state with subsidiaries funds for many sectors.
Among those sectors are; agriculture, electricity, and industry, while number of Arab investments funds will participate with 50 percent.
Moreover, the country’s plan aims to achieve sustainability in collaboration with private sector and civil society, as well as many global organizations.
Accordingly, Egyptians live on 7 percent of Egypt’s total area, which represents challenge of the slowing economic growth, while it aims to reach economic growth of 6 Pct.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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