PM: Gov't Considers Providing Incentives to Attract Investments from Egyptians Abroad

Mostafa Madbouly said that the government is studying many proposals and recommendations regarding providing incentives for Egyptians abroad in a number of sectors, in preparation for their approval by the Cabinet and their launch through a number of initiatives.

Madbouly added that these initiatives will be promoted in a way that ensures the expansion of the base of their beneficiaries.

This came during the meeting held by the Prime Minister, Sunday, to follow up on the position of initiatives to provide more facilities and incentives to Egyptians abroad.

The meeting touched on the position of dollar certificates issued to Egyptians abroad, which witnessed a great demand recently.

“There is a positive reaction from Egyptians abroad regarding obtaining these certificates, which come within the framework of the state’s efforts to diversify sources of foreign exchange and provide investment tools that contribute to attracting more investments by Egyptians abroad,” according to the Prime Minister.

The meeting also discussed the latest developments related to the Egyptians Abroad Investment Company, and it was noted that the establishment of this company comes in response to the demands of Egyptians abroad, with the aim of preserving and developing their savings.

The meetings and interviews that were held with ministers and officials of the relevant authorities were reviewed in the presence of businessmen, to discuss and review promising investment opportunities and areas in Egypt, through the Egyptians Abroad Investment Company.