Modern Development and Investment offers to establish 6-dollar funds in Egypt
Real Estate Exploitation Fund, Industrial Exploitation Fund, Agricultural Exploitation Fund, Renewable Energy Expert Exploitation Fund, Education Exploitation Fund, and Strategic Commodity Exploitation Fund.
Shrouq
The Prime Minister, Dr. Mostafa Madbouly, discussed with officials of the “Modern Development and Investment” company a number of investment opportunities in the financial sector.
Egyptian market
The Prime Minister said that he was keen to meet with the delegation of Modern Development and Investment Company to confirm the government's readiness to discuss all aspects of cooperation, within the framework of supporting the private sector, and working to facilitate the procedures for its entry into the Egyptian market.
6 dollar funds in Egypt
Presentation by Dr. Adnan Ahmed Youssef, Chairman of the Board of Directors of Modern Development and Investment Company during the meeting, the possibility of establishing dollar investment funds in various sectors was discussed.
They include: Real Estate Exploitation Fund, Industrial Exploitation Fund, Agricultural Exploitation Fund, Renewable Energy Expert Exploitation Fund, Education Exploitation Fund, and Strategic Commodity Exploitation Fund.
He also raised the possibility of establishing specialized investment funds, as each fund brings and manages investors' money, stressing that the mechanism of action of the funds guarantees a safe exit for the investor.
Youssef presented investment opportunities in the financial sector in the stock exchange, through companies specialized in stock management in short, medium and long-term bonds.
Modern Development
Modern Development and Investment Company was established in 2029; With the aim of launching a mechanism for investment and project management in various fields through investment funds as a financial mechanism, regardless of the type of activity.
At the end of the meeting, the Prime Minister, Dr. Mohamed Farid, directed the head of the Financial Supervisory Authority, to coordinate with the company's officials and facilitate the procedures for their potential projects in Egypt, indicating that he would follow up the executive steps for these projects.
