Emigration Minister Soha Gendi has recently highlighted the importance of promoting investment among Egyptian expats as a top priority for the ministry in 2024. In order to attract more investments from expatriates, the ministry plans to offer additional saving incentives and encourage investments in hard currency.
During a meeting with the social responsibility director general of the Housing & Development Bank, Gihan Hafez, Gendi discussed potential collaborations to support the ministry’s initiatives. She emphasized the role played by the Egyptian-German Center for Jobs, Migration, and Reintegration (EGC) in training young people to prepare them for the international labor market. Gendi also highlighted the establishment of the national emigration center, which aims to support employment mechanisms across the country.
The Housing & Development Bank expressed its commitment to supporting marginalized villages and hard-to-reach border areas in collaboration with civil organizations as part of its social responsibility efforts. Both parties agreed to explore ways to cooperate in terms of training for employment, with the aim of creating a fruitful partnership.
The initiatives outlined by Minister Soha Gendi and the collaborative efforts discussed during the meeting showcase the government’s commitment to promoting investment from Egyptian expats. By offering incentives and training programs, the ministry aims to attract more investments into the country and support job creation for the local population. These efforts not only contribute to economic growth but also demonstrate the government’s dedication to ensuring the well-being of its citizens.
With the establishment of the national emigration center and the active involvement of the Egyptian-German Center for Jobs, Migration, and Reintegration, the government is addressing the issue of illegal emigration and focusing on providing opportunities for young people to thrive in the international labor market.
Overall, the Egyptian government’s commitment to promoting investment among expatriates and supporting employment initiatives demonstrates a proactive approach to fostering economic growth and development. By leveraging the talents and resources of Egyptian expats, both the country and its citizens stand to benefit from increased investment and job opportunities.