TSFE, Nile Fund for Industrial Investment explore establishment of local manufacturing companies

Updated 11/4/2024 9:00:00 AM
TSFE, Nile Fund for Industrial Investment explore establishment of local manufacturing companies

Arab Finance: The Nile Fund for Industrial Investment, affiliated with the national initiative of Ebda, and the Sovereign Fund of Egypt’s (TSFE) industrial sub-fund are eying collaboration on forming companies focused on locally manufacturing imported production supplies, sources told Al Borsa News.

The Egyptian Businessmen’s Association and the Federation of Egyptian Industries have provided feasibility studies to the two funds, identifying potential investment opportunities for local production.

However, substantial investment costs pose a significant challenge to realizing these projects.

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