El-Said highlighted the significance of the Sovereign Fund of Egypt, which serves as the investments of the state.
Egypt is currently exploring the possibility of establishing a Sovereign Fund for Industry, Minister of Planning and Economic Development, Hala El-Said stated during the opening of the Golden Triangle Investment, Industry and Export Conference.
El-Said highlighted the significance of the Sovereign Fund of Egypt, which serves as the investments of the state.
She emphasized the fund’s role in fostering private-sector partnerships to boost investments.
Minister El-said also referred to the national program for structural reforms that aims to increase exports by 20% annually, to reach $140 billion in 2030.
The relative weight of the manufacturing, agriculture, communications, and information technology sectors increased to 31% in 2024, the minister added.
The private sector plays a dominant role in Egypt’s employment landscape, it accounts for approximately 70% of the overall output volume, as it leads the fundamental sectors of the economy.
Notably, private sector investments have reached around 40% this year, while government investments make up the remaining 60%.
However, the goal for the upcoming year is to achieve 50% of private sector investments.
There is a projected increase in the private sector’s contribution, with a target of reaching 65% by the end of 2027.
