Ahmad 
The Egyptian Ministry of Foreign Affairs announced raising the fees of the recruitment settlement initiative for expatriates from five to seven thousand dollars or euros, and reactivating the initiative for Egyptians living abroad, starting from May 1, 2024, for a period of two months.
The ministry attributed the activation of the initiative, which it launched for two months from August 14 to October 13 last year, to responding to the requests of some Egyptians abroad, in order to stabilize their social status, whether in work, study or treatment.
The ministry pointed to receiving requests for settlement of recruitment for expatriates on its website, who came to the role of the age of recruitment starting from 18 to 30 years, as well as for those over the age of 30 to settle their recruitment position.
The number of Egyptians abroad is estimated at 12 million, in addition to more than 106 million at home. Some of them are reluctant to return to their homeland, and cannot leave again, because they are not authorized to travel because they are wanted for military service, or they do not finish their draft.
Egypt has launched several initiatives aimed at attracting expatriate funds in addition to settling recruitment for expatriates, including facilitating procedures for importing cars exempt from taxes and fees from abroad, in exchange for depositing a cash amount in dollars, and allocating distinctive plots of land in new cities to companies under a dollar sales system.
The two largest state banks also issued dollar savings certificates at high interest, without requiring the question of the source of the funds, in an attempt to restore the flow of Egyptians abroad, which fell by 21.2% in the first half of the fiscal year 2023-2024, from about $ 12 billion in the same period of the previous fiscal year to $ 9.4 billion.
The decline in remittances from Egyptians abroad for the second year in a row prompted the government to form technical committees to search for alternatives to restore the economy to the momentum of remittances, which saw their maximum returns of $ 31.6 billion in 2022.
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