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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt, France, Malta Sign Agreement to Establish Mediterranean Collaboration Network

Malta Egypt Mediterranean Bpifrance France MGI Middle East Europe North Africa
The collaboration network aims to crowd in sovereign fund-backed capital with the support and investment participation of sovereign funds. (Reuters)

Malta Government Investments (MGI), the Sovereign Fund of Egypt and Bpifrance, a French national investment bank signed an agreement to establish the “European, Middle East and North Africa Sovereign Wealth Funds Foundation” in Malta, according to a statement by Egypt’s Sovereign Fund on Thursday.

The Foundation aims to lay the basis for a Mediterranean collaboration network between the countries of the Mediterranean Basin region.

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