RIYADH: Egypt has established a 10 billion Egyptian pounds ($195 million) industrial investment sub-fund to support export-oriented companies, deepen capabilities and increase local content. The vehicle, with initial paid-in capital of 500 million pounds, was established as a wholly owned sub-fund of the Sovereign Fund of Egypt under a board resolution issued by the Minister of Investment and Foreign Trade and SFE Chairman Mohamed Farid Saleh, according to a statement. The fund comes as Egypt se

Source: Arab News