And while tourism brings in money, Cairo has a dilemma: pour more money into things that will continue to bring in those tourists, or put that money into its population, much of which is living in poverty?
One quick way Egypt could rocket into the modern age is through gold. It has a 4,000-year history of gold mining, but it has so far missed out on the recent boom, according to another report on Marketplace. The Egyptian government is drafting a new mining code that’s more favorable to outside investors, and one company is building the country’s first major modern gold mine.
While there is no direct exposure to Egypt via an ETF, the country is 6% of the SPDR Emerging Middle East & Africa (GAF).
