China's inflation stays flat at 0.3% YoY in May    Matrouh receives EGP 17.3b for 23/24 development – minister    Oil up on Wednesday    US to widen sanctions on semiconductor sales to Russia    SODIC, Marriott International to debut Tribute Portfolio brand in Egypt with 2 new hotels    ASALDI Properties completes 1st phase sales of Shades commercial project in New Cairo    New Development Bank pledges support for Egypt's development goals    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Egypt, Equatorial Guinea strengthen cooperation in security, trade, infrastructure    Egypt hosts first New Development Bank international forum in New Administrative Capital    New Zealand excludes farming from carbon pricing plan    BRICS proceeds with national currency payment system    Egypt supports development of continental dialogue platform for innovative health sector financing in Africa: Finance Minister    Egypt's Labour Minister concludes ILO Conference with meeting with Director-General    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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.