Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Minister of Emigration says Gov't searches for Egyptian investors abroad
Immigration Ministry prepares a list of their names, as Investment Ministry addresses 400 businessmen
Mostafa Fahmy Published in Daily News Egypt on 12 - 01 - 2020

The government, represented by the Ministry of Emigration, and the General Investment Authority, has started executive steps to attract the capitals of Egyptian investors abroad to implement projects in the local market. Nabila Makram, Minister of Immigration and Egyptian Expatriates Affairs , said that the Ministry prepared a list that of all Egyptian investors abroad to communicate with them in coordination with the General Investment Authority to attract them to the Egyptian market.
On Sunday, Makram, in the company of Adviser Mohamed Abdel Wahab, Chairperson of the General Authority for Investment and Free Zones, opened the Egyptian Investors Abroad Welfare Unit at the General Investment Authority. The new unit is affiliated to the Authority's CEO, and it aims to help Egyptian investors abroad who want to set up their investment projects in Egypt, introduce them to the services provided by the authority, and facilitate investment for them.
Makram said that the unit will be responsible for completing all procedures for Egyptian investors abroad, as it includes representatives from the Minister of Immigration and Egyptian Expatriates Affairs to facilitate communication with Egyptians abroad. She pointed out that the first work of the new unit was the agreement with a group of Egyptian doctors working abroad to establish a world medical city in the New Administrative Capital.
She added that the doctors visited the Administrative Capital to choose a plot of land suitable for the project, which is to include a group of major health entities.
Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, said that the authority had a list of between 300 and 400 Egyptian investors residing abroad, and is currently communicating with them to attract their investments to the Egyptian market. He added that the authority would present investment opportunities to Egyptian investors abroad and issue the necessary licences for projects until the signing of project contracts.
He noted that a group of the most qualified employees of the authority was selected to become the nucleus of this unit, in cooperation with the Ministry of Immigration, expressing his aspiration for this unit to become a model for cooperation between state institutions to achieve sustainable development plans.

Clic here to read the story from its source.