CAIRO – Egyptian Emigration Minister Soha Gendy said Monday that the new republic has offered unprecedented incentives to encourage businessmen to invest in Egypt.
Gendy, in a meeting with board chairman of Netsync Tamer Hedayet, reviewed developments regarding the establishment of an expat investment company.
The minister stressed keenness on encouraging all segments of Egyptians abroad and putting them in the picture about available investment opportunities back home, a statement by the Emigration Ministry said.
According to Gendy, the expat investment company is one of the most important achievements of her Ministry.
Once established, the company will be run by Egyptians abroad, with the Emigration Ministry only providing logistics support in coordination with bodies concerned.
Hedayet said that Egypt has promising investment opportunities. He also pointed to economic and legislative reforms that go hand in hand with tax reduction in many industrial sectors.
He added that he is keen on pumping more investments into Egypt to contribute to building the national economy and creating jobs for youth.
