Rédaction Africa Links 24 with Egypt Independent
Published on 2024-02-06 08:36:13
Minister of Emigration and Expatriate Affairs Soha al-Gendy recently shared exciting news about the car initiative for Egyptian expats, revealing that the Finance Ministry has received up to US$850 million due to the initiative. Speaking on al-Hadath al-Youm TV channel, she expressed her delight at the positive response to the initiative from Egyptians living abroad.
According to Gendy, there has been a strong willingness among Egyptians living overseas to participate in the car import initiative. She disclosed that the number of import approvals for cars has reached about $1.7 billion, with half of this amount already reaching the Ministry of Finance. Additionally, over 400,000 citizens have registered on the initiative’s application, and approximately 240,000 cars have been reserved, with procedures for their disembarkation already in progress.
Gendy revealed that the number of cars that have arrived in Egypt and completed customs procedures stands at about 20,000, and efforts are underway to finalize procedures for the remaining cars. She emphasized that the government is dedicated to addressing any obstacles or challenges that may arise for Egyptians abroad participating in the initiative.
The car initiative for Egyptian expats has garnered significant attention and participation, with hundreds of thousands of expatriates expressing interest in importing cars to Egypt. The initiative offers expats the opportunity to benefit from facilities and incentives on car imports, with the aim of facilitating the process and supporting Egyptians living abroad in acquiring vehicles for personal use in their homeland.
The positive response to the initiative reflects the strong connection and sense of attachment that Egyptians abroad maintain with their homeland. The opportunity to import cars to Egypt under favorable conditions has been welcomed enthusiastically by expatriates, highlighting the importance of initiatives that cater to the needs and interests of Egyptians living outside the country.
Gendy’s announcement regarding the substantial financial impact of the initiative underscores its significance in generating revenue for the country. The influx of funds to the Finance Ministry due to the car import initiative serves as a testament to its success and the impactful contribution of Egyptians abroad in supporting the national economy.
The government’s commitment to facilitating the participation of Egyptians abroad in the car initiative signals a proactive approach to engaging with the expatriate community and addressing their requirements. By overcoming obstacles and providing necessary support, the government is demonstrating its dedication to strengthening ties with Egyptians living overseas and fostering a conducive environment for their involvement in initiatives that benefit both the expatriate community and the country as a whole.
As the car import initiative continues to progress, it is expected to further enhance the relationship between Egypt and its expatriate population. The willingness of Egyptians abroad to participate in initiatives that contribute to the development and growth of their homeland reflects their enduring bond with Egypt and their eagerness to play a positive role in its advancement.
In conclusion, Minister Soha al-Gendy’s update on the latest developments in the car initiative for Egyptian expats highlights the significant impact it has had in terms of financial contributions and expatriate participation. The initiative serves as a testament to the strong connection and collaboration between Egypt and its expatriate community, and it is poised to bring about lasting benefits for both parties.
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