Egypt Will Launch Market Maker Fund for Bourse Worth EP 30 Billion
To assist in the tender process, the government has engaged the International Finance Corporation to provide advisory services.
The Egyptian government aims to establish a market maker fund for stocks on the Egyptian Stock Exchange, with an estimated value between EGP 20 and 30 billion pounds. The fund, as revealed in a document outlining the new presidential period's directions, will involve various public institutions such as endowments, post offices, social insurance, banks and government insurance companies.
To assist in the tender process, the government has engaged the International Finance Corporation to provide advisory services. The implementation of the programme is expected to be expedited with the support of investment banks and international experts.
Additionally, Egypt is set to launch a comprehensive investment map using geographic information systems. This map will present bankable projects and investment opportunities across the country.
