The meeting included Sameh El-Torgoman, CEO of Evolve Holding, and a delegation from Stonex led by Managing Director Anshuman. Ghada Nour, assistant minister for investment and promotion, also attended.
El Khatib welcomed the firms’ plans, emphasizing that the
ministry is committed to supporting companies looking to enter or grow within
the Egyptian market. He highlighted the strategic importance of the gold
sector, noting its significant growth and its $6 billion contribution to
Egypt’s national exports.
The Evolve-Stonex partnership aims to expand operations in
Egypt across several verticals, including: precious metals trading and
logistics, digital products and precious metal market-making, and non-banking
financial products backed by gold.
The delegation noted that Egypt’s gold trade volume is substantial and could reach $5 billion. They expressed their goal of transforming Egypt into a regional and international export hub, leveraging its strategic geographic location to access global markets.