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Egypt’s Minister of Investment and Foreign Trade Mohammad Farid and Minister of Youth and Sports Gohar Nabil asserted the importance of establishing a specialized investment fund dedicated to supporting promising sports talents.

The fund would serve as an innovative and sustainable financing mechanism aimed at preparing champions and building a new generation capable of achieving regional and international accomplishments.

This came during an expanded meeting that brought together the two ministers, attended by senior officials from both ministries, as well as representatives of the Financial Regulatory Authority and asset management companies.

Discussions focused on leveraging investment fund models to introduce professional financing products that ensure the financial sustainability of the sports sector and support talent development across various disciplines, particularly individual sports.

Farid explained that the proposal seeks to provide the necessary financial backing to enable talented athletes to develop their skills and compete at the highest levels.

He noted that the investment fund model would secure long-term financial sustainability and create a professional, supportive environment for sports, building on the significant progress the state has achieved in sports infrastructure in recent years.

Meanwhile, Nabil asserted that President Abdel Fattah El-Sisi directed increased attention toward young and promising athletes, particularly in the most underprivileged governorates.

He praised the Ministry of Investment’s proposal and underscored the commitment to advancing its implementation in a way that strengthens public-private partnerships, introduces modern financing mechanisms aligned with international standards, and ensures sustained support and equal opportunities.

These efforts aim to prepare champions who will raise Egypt’s name in continental and global arenas.

Source: The Egyptian Gazette