Egypt to establish co-investment fund as new capital market investors surge to 300,000

Saleh was named the new minister for the investment and foreign trade portfolio in the cabinet reshuffle carried out in February.

Speaking at a meeting organized by the American Chamber of Commerce in Egypt, Saleh said Egypt’s economy recently posted growth rates of between 5.2 percent and 5.3 percent, compared to around 2.4–2.6 percent previously.

The minister attributed part of this improvement to ongoing reforms and digital transformation that have significantly widened access to the capital market.

According to Saleh, the number of new investors entering Egypt’s capital market has surged dramatically in recent years. The market previously attracted around 20,000 new investors annually, but that figure has jumped to between 250,000 and 300,000 investors. About 180,000 new investors are expected to join the market this year alone.

Saleh said authorities are also working to establish a registry for venture capital firms and investment funds operating in the startup ecosystem, whether licensed domestically or investing in Egyptian startups, to enhance transparency and improve their ability to operate effectively in the market.

The proposed co-investment fund will support promising companies by partnering with investors in businesses with strong growth potential, particularly as emerging markets face challenges in attracting capital.