Egypt unveils its first industrial fund
Egypt has launched an industrial investment fund with a capital of one billion Egyptian pounds, aiming to support the industrial sector and stimulate private sector investment through establishing and expanding industrial projects, as well as developing related infrastructure. The fund seeks to enhance the sustainability and efficiency of the industry by partnering with the private sector and investment institutions, while adhering to principles of governance and transparency. It invests in land and industrial assets. The fund has a duration of 99 years, with the possibility of extension, and is considered a government tool to promote economic growth in the industrial field.
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