Rédaction Africa Links 24 with MENA
Published on 2024-02-18 09:59:02
State Minister of Emigration Soha Gendy recently announced that her ministry, in collaboration with various government ministries and agencies, has put forth several new initiatives aimed at increasing the flow of dollar transfers from Egyptian expatriates living abroad. These initiatives were presented during Gendy’s participation in the 10th economic conference hosted by Akhbar al-Youm, which focused on the “Egyptian economy: challenges and priorities” and was held under the auspices of Prime Minister Mostafa Madbouli.
The primary goal of these initiatives is to address the requests of Egyptians living abroad and to remove obstacles that may be hindering them from transferring funds back to Egypt. By doing so, the ministry hopes to not only encourage more dollar transfers but also attract investments from Egyptian expats. Gendy emphasized that effective communication and collaboration with the Egyptian community abroad is critical in addressing their concerns and facilitating their investment in national projects.
One significant achievement highlighted by Gendy is the successful collaboration between the ministry and relevant bodies in establishing a joint-stock company, involving the participation of ten prominent Egyptian expat investors. This company aims to engage expatriates in high-yield national projects across various sectors, including industrial, agricultural, tourism, construction, and information technology. This initiative is a testament to the ministry’s commitment to involving Egyptian expatriates in the development and growth of the country.
Gendy stressed that the ministry remains dedicated to maintaining ongoing communication with Egyptians and Egyptian investors living abroad in order to address their challenges and respond to their proposals and requests. This continuous engagement reflects the ministry’s commitment to facilitating the active participation of Egyptian expats in contributing to the nation’s economic growth and development.
The efforts of the Ministry of Emigration align with the Egyptian government’s broader objective of leveraging the expertise and resources of its expatriate community to drive economic growth and development. By creating channels for increased financial transfers and fostering investment opportunities, the government seeks to strengthen ties with Egyptian expats and harness their potential for the benefit of the national economy.
In conclusion, the initiatives presented by the Ministry of Emigration under the leadership of State Minister Soha Gendy underscore the government’s commitment to engaging Egyptian expatriates in national development efforts. Through collaborative partnerships and ongoing communication, the ministry aims to facilitate an environment conducive to increased dollar transfers and investment from Egyptian expats, ultimately contributing to the growth and prosperity of the Egyptian economy.
Read Original article on Egypt Independent
