Egypt’s Prime Minister Mostafa Madbouli said the launching of investment funds for minerals, including gold is part of the state’s keenness on providing investment and saving opportunities to meet the needs of different categories of society.
The premier’s remarks came on Thursday as he reviewed a report prepared by the Financial Regulatory Authority (FRA) on the launch of the first investment fund for gold to meet the desires of people searching for untraditional investment opportunities to maintain their cash value.
Madbouli explained that such a step contributes to having safe and organized investment and avoiding the dangers of price volatility under the state’s economic reform efforts in different domains.
The launch of these funds is part of the state’s strategy to empower the private sector, the premier said, noting that the gold investment fund will also contribute to attracting further new investments.
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