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Egyptians in Kuwait willing to invest in company for expats: Minister

Minister of Emigration and Egyptian Expatriate Affairs Soha Gendi announced that major Egyptian investors in Kuwait are seeking to join the “Egyptians Abroad for Investment Company”.

During a press conference on Tuesday at the ministry’s headquarters in the New Administrative Capital, Gendi explained that the company will be established with a capital of one billion dollars initially, and each founder will invest US$100 million.

The minister hailed the company’s session during the fourth edition of the Egyptians Abroad Conference on July 31 as valuable and rich.

“After the conference, there was a demand from major Egyptian investors in Kuwait to join the company,” he added.

Gendi earlier held a consultative meeting via video conference with members of the founding board of the Egyptians Abroad for Investment Company.

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