2 Days
Source:
الشرق اللبنانية
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Sisi Transfers "Future Egypt" to Presidency
Egyptian President Abdel Fattah El Sisi has approved legislation to reorganize the "Misr Future" agency for sustainable development. The law grants it extensive powers and establishes its direct reporting line to the Presidency. The legislation includes the creation of a sovereign fund called "Pyramids of the Nile" and a service fund named "Daa’em." It enhances the agency's capacity to manage assets and projects within sustainable development zones, supporting the implementation of national projects and investments across various sectors. The law authorizes the head of state to transfer ownership of government assets and funds to public and private funds, aiming to strengthen the country's executive and investment roles in sustainable development. Originally conceived as a land reclamation project to achieve agricultural self-sufficiency, the agency's mission has now expanded to serve broader national development goals.
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