Egypt to establish company to invest in expatriate funds by 2024 ...Egypt

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Egypt to establish company to invest in expatriate funds by 2024
Egypt is currently working on establishing a company dedicated to receiving investments from expatriates with the aim of pumping the money into projects within Egypt, according to statements by Minister for Immigration and Egyptian Expatriate Affairs Soha Gendi to the Al-Sharq Business with Bloomberg website. Gendi expects to establish the company next year. Its shares will be listed on the financial market and expatriates will be able to invest in it by purchasing its shares or through their own investment, she said, without clarifying further details. The new company is one of the demands made by expatriates, and aims to invest in major Egyptian projects and national projects that achieve

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