Modern Development and Investment Company is considering the possibility of establishing US dollar investment funds in various sectors, including real estate, industry, agriculture, education, and renewable energy, the Cabinet stated on March 27th.
The company is also mulling over the possibility of setting up specialized investment funds to safely manage investors' money.
These remarks were discussed during a meeting headed by Prime Minister Mostafa Madbouly with representatives from Modern Development and Investment Company to review a number of investment opportunities in the Egyptian financial sector.
The meeting was attended by Chairman of the Financial Regulatory Authority (FRA) Mohamed Farid, Chairman of Modern Development and Investment and Chairman of the Bahrain Association of Banks Adnan Yousif.
During the meeting, Yousif presented investment opportunities in the Egyptian Exchange (EGX) through companies specialized in stock management in short-, medium- and long-term bonds.
For his part, Madbouly directed the coordination with the company's officials to facilitate procedures of their potential projects in Egypt.
Established in 2019, Modern Development and Investment Company targets launching a mechanism for investment and project management in various fields through investment funds.
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