A fund to invest the funds of Egyptians abroad with a capital of 10 billion dollars

Media In – Cairo – 9 June 2018
The Egyptian-American Entrepreneurship Foundation launched an initiative to launch a $ 10 billion fund raised by Egyptians abroad to invest in the Egyptian market.
The Foundation held talks with several heads of Egyptian communities abroad to contribute to the fund, which aims to participate every Egyptian to pay $ 1,000.
The fund’s shares amount to 10 million shares to cover the number of Egyptians residing abroad.
According to the Chairman of the Foundation in a statement published today, a company will be established to manage the investments of the Fund in accordance with the laws and regulations in force in the Egyptian market.