Finance: Increasing remittances of workers abroad confirms their confidence in the Egyptian economy


Dr. Mohamed Maait, Minister of Finance, received Ambassador Suha Gendy, Minister of State for Immigration and Egyptians Abroad Affairs, within the framework of the government’s keenness to motivate Egyptians working abroad to invest in Egypt.

The Minister of Finance began the meeting by welcoming the minister, and reviewed the promising opportunities offered by the state in national projects in various financial sectors, in addition to the strong infrastructure capable of accommodating the expansion of productive and investment activities, pointing out that we look forward to enhancing the contributions of Egyptians abroad in the process of comprehensive and sustainable development in its various tributaries. In a way that contributes to improving the standard of living of citizens and upgrading the services provided to them.

The minister said that the government is keen to meet the needs of Egyptians working abroad, link them to their homeland, and overcome any obstacles they may face. which contributes to deepening their national affiliation; As one of Egypt’s soft power tools, which helps us promote the performance of the Egyptian economy abroad, expressing his full readiness to cooperate with the Minister of State for Immigration and Egyptians Abroad Affairs in implementing the economic recommendations of the third edition of the Conference of Egyptian Entities Abroad, in a manner that enhances the structure of the national economy.

Ambassador Suha Gendy, Minister of State for Immigration and Egyptians Abroad Affairs, confirmed that her meeting with the Minister of Finance comes within the meetings she holds with the relevant ministers to contribute to meeting the needs of Egyptians abroad and transferring their demands, and preparing an integrated set of incentives in various economic files, explaining that the Ministry of Immigration is in the process of preparing An electronic smartphone application to facilitate the provision of bundled services to Egyptians abroad.

During the meeting, the Minister reviewed the economic recommendations of the third edition of the Conference of Egyptian Entities Abroad, which was submitted to Dr. Mostafa Madbouly, Prime Minister, including his directives to approve the proposal to establish a joint-stock company for Egyptians abroad and discuss mechanisms for its implementation; In a way that helps to maximize their role in promoting investments in Egypt, with a focus on national priority projects that achieve sustainable development.

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