Cairo: Engineer Hassan El-Khatib, Minister of Investment and International Trade, engaged with delegations from Evolve Holding and Stonex to explore expansion plans within Egypt's gold market. The discussions highlighted potential avenues for increasing investments in the sector.According to State Information Service Egypt, the meeting included key figures such as Dr. Samah Targoman, CEO of Evolve Holding, and Osho Mann, Managing Director of Stonex. Ghadeh Nour, Assistant Minister of Investment for Investment Promotion and Government Offerings, also participated in the discussions. The Minister reiterated the ministry's commitment to supporting companies that aim to invest or expand their operations in Egypt, stressing the importance of the gold market to the nation's economy, which boasts exports valued at $6 billion.The meeting saw Evolve and Stonex outline their strategic plans to expand investments in Egypt. Their focus includes initiatives in precious metals and gold, enhancement of trading activitie s, provision of logistics services, development of digital products, and establishment of marketplaces for precious metals, alongside non-banking financial products backed by gold.The delegations pointed out the substantial volume of gold trade in Egypt, which amounts to approximately $5 billion. They expressed their ambition to expand within the Egyptian market and position Egypt as a key regional and international hub for gold exports, capitalizing on its strategic geographic location to access global markets.
Investment Minister Engages with Evolve and Stonex on Expanding Egypt’s Gold Market
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