The Sovereign Fund of Egypt (TSFE) was established in 2018-2019 with a mandate to contribute to the sustainable economic development of Egypt. TSFE is funded through the transfer of underutilized state assets (estimated to be 3,000 units). Currently the Fund is still building up its asset bases and aims to acquire further assets during 2020. Given Covid-19, the Government has prioritized investing in healthcare by setting up JVs with international institutional investors to create a diversified healthcare platform.