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Egyptian Prime Minister Mostafa Madbouly in a meeting with senior functionaries of the government discussed the type of initiatives to be extended to the Egyptian Diaspora including granting of facilitations and incentives.
Egyptian Prime Minister Mostafa Madbouly in a meeting with senior functionaries of the government discussed the type of initiatives to be extended to the Egyptian Diaspora including granting of facilitations and incentives.
The high-level consultation was attended by Central Bank Governor Hassan Abdalla, Planning and Economic Development Minister Hala Elsaid, Minister of State for Immigration and Egyptians Abroad Soha Genedy, Suez Canal Authority Chairperson Osama Rabie, and officials from a number of relevant ministries. The meeting was part of the ongoing follow-up on initiatives that would contribute to providing more support for Egyptians abroad, in order to meet their demands and needs and increase their connections to their homeland.
The Prime Minister pointed out that he government is considering a number of proposals to attract the Diaspora to get entwined in the development process of the country. These proposals, which are under the planning stage, will be presented to the Cabinet for approval. He stressed the importance of promoting these initiatives in a way that ensures that they reach as many Egyptians abroad as possible.
The status of the dollar certificates of deposit issued to Egyptians abroad also came up for discussion. These certificates have evinced a high demand, which is a part of the state’s efforts to diversify sources of foreign exchange provision and provide investment tools that attract more investment from Egyptians abroad.
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Matters regarding the Egyptian Investors Abroad Company also came up for discussion. The Prime Minister explained that the establishment of this company comes in response to the demands of Egyptians abroad, in order to help them preserve their savings and grow them.
