The government wants to put Egypt on the international investment map and boost business opportunities for expats, a government minister announced on Tuesday.
In her address to a meeting of prominent Egyptian businessmen in UAE, Minister of Emigration Soha Gendi spoke of the need to benefit from the economic and commercial expertise of Egyptians expatriates, thus promoting investment in Egypt.
The minister listened to ideas of investors to boost the business climate in Egypt and informed them of plans to set up a company to deal with investments by Egyptians abroad.
“A working team will be formed to establish the company,” the minister said, adding that investors wishing to join are also welcome.
The meeting, held on the sidelines of the main event in Oman, also focused on investment in Egypt and incentives given for industrial and manufacturing concerns.
Gendi said her ministry had already reviewed investment opportunities that are in line with a sustainable development strategy devised by the Egyptian government for expatriates.
On the role of the private sector, the minister assured her audience that the door is open to investors in existing ventures that have already proven successful.
“Indeed, partnerships are an excellent means to improve the investment environment in Egypt,” Gendi said, adding that the government is keen on step up the role played of the private sector in this regard.
Gendy went on to say said that her ministry is also studying a proposal for an expatriate pension fund.
