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Egypt invites investment companies from abroad to accelerate the flow of investments

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Egypt’s Minister of Emigration and Egyptian Expatriates’ Affairs, Soha Gendy, held a consultative meeting via video conference with members of the founding board of the Egyptians Abroad for Investment” company and a number of Egyptian businessmen in Kuwait

Egypt’s Minister of Emigration and Egyptian Expatriates’ Affairs, Soha Gendy, held a consultative meeting via video conference with members of the founding board of the Egyptians Abroad for Investment” company and a number of Egyptian businessmen in Kuwait.

The meeting was attended by Fakhry Elfiky, Chair of the Planning and Budget Committee of Egypt’s House of Representatives; Saber Soliman, Assistant Minister of Emigration for Institutional Development; and Osama Shaltout, Egypt’s Ambassador to Kuwait.

Gendy emphasized the importance of the Egyptians Abroad for Investment companies. She also mentioned the meetings and discussions held with ministers and officials of relevant authorities to discuss promising investment opportunities in Egypt, as well as the meetings with many Egyptian investors abroad to review the idea of establishing this company.

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Gendy added that the Egyptians Abroad for Investment Company would  be managed entirely by Egyptians abroad, as they possess significant expertise in the fields of finance and business and manage successful international companies in the Egyptian market. She further explained that the Egyptian government has taken numerous measures to facilitate investment for Egyptian and foreign investors, referring to the meeting of the Supreme Investment Council chaired by President Abdel Fattah Al-Sisi, which issued decisions to attract more investments and enable the private sector.