Parliament gives final greenlight to sovereign investment, development fund law

Updated 10/9/2024 8:13:00 AM
Parliament gives final greenlight to sovereign investment, development fund law

Arab finance: The House of Representatives has given its final approval to a draft law, submitted by the government, amending some provisions of Law No. 177 of 2018 on the establishment of The Sovereign Fund of Egypt for Investment and Development, according to a statement.

The proposed draft aims to give the Prime Minister the authority to appoint the minister in charge of enforcing the provisions of this law.

The draft also stipulates that the cabinet will directly oversee the fund

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