Egypt is considering the establishment of an investment fund to provide sustainable and innovative financing for the country’s sports talent, Investment and Foreign Trade Minister Mohamed Farid said.
Farid met with Youth and Sports Minister Gohar Nabil to discuss utilising investment fund models to support and qualify promising athletes for regional and international competition. The proposal aims to create a professional environment for the sports sector while ensuring financial sustainability, according to a ministry statement.
The proposed fund is intended to build on state infrastructure developments completed over the past five years. Farid stated that these investment vehicles represent a financial support mechanism to ensure that achievements in the sports field are maintained through consistent funding.
Youth and Sports Minister Gohar Nabil said the initiative aligns with directives from President Abdel Fattah al-Sisi to support youth and athletes, particularly those in underprivileged governorates. Nabil emphasised that the fund would specifically support individual sports, helping Egyptian athletes achieve results in international forums.
The ministry is working with various state entities to maximise resources and “open new horizons for sports investment,” Nabil said. He added that the creation of the fund marks a move toward strengthening partnerships between the public and private sectors and providing professional financing mechanisms that meet international standards.
The meeting was attended by Mahmoud Jibril, Assistant Chairman of the Financial Regulatory Authority (FRA), and Sally George, the FRA Chairman’s Assistant for Investment Funds. Private sector representatives included Ahmed Abou El-Saad, CEO of Azimut Egypt and head of asset management for the Middle East and North Africa, and Khalil El-Bawab, Head of Markets at Beltone.
Also in attendance were Mostafa Magdy, Assistant Minister of Youth and Sports for Strategic Affairs, and Abdullah El-Bahar, the Minister’s Assistant for Marketing and Investment, alongside other ministry officials.
Nabil noted that the framework is designed to ensure equal opportunities and prepare a new generation of athletes capable of representing Egypt in continental and global championships.
