PM urges work to ensure optimal investment of awqaf funds

Prime Minister Mostafa Madbouly has emphasized the importance of working to ensure the optimal investment of awqaf funds in a way that helps increase them and maximize their benefit.

It is possible to invest the assets of the awqaf authority through partnerships that can contribute to increasing and developing them, Madbouly added.

The prime minister made the remarks during a meeting he held on Thursday 29/8/2024 with Minister of Awqaf Osama el Azhari at the government headquarters in New Alamein City. The meeting was attended by chairman of the awqaf authority Ahmed Attia.

“The awqaf authority is an economic institution, and our objective is to ensure its success,” Madbouly pointed out.

During the meeting, the awqaf minister asserted that his ministry’s role is to provide support and motivation to the awqaf authority, noting that there are a number of promising investment opportunities that shall be used with a view to making further gains.