Thursday, 28 October 2021 06:25 GMT

Sovereign Fund of Egypt explores investment opportunities in fintech sector


(MENAFN)CNBC Arabiya interview quoted Ayman Suliman as saying that the Sovereign Fund of Egypt is exploring investment opportunities in the fintech sector with a focus on small and medium projects.

The chief executive officer of the fund declared further declared that the tourism sector allocates 20-20 percent of the fund's total investments.

The official also referred to the fund’s plans to transform the historic Bab Al-Azab area in Cairo’s Salah Al-Din Al-Ayoubi Citadel into the first integrated innovation zone in the Middle East and North Africa.

A number of projects in the health sector are also being evaluated such as the growth of pharmaceutical exports, he added.


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