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#Egyptian passport

Egypt’s prime minister Mostafa Madbouly announced Wednesday 8 March that Egyptian citizenship will be offered to foreign investors who spend at least USD 250,000 (EGP 7,725,525 based on the day’s exchange rate) in Egypt. According to the prime minister’s decree, Egyptian nationality will be offered to foreigners based on one of four conditions: purchasing state-owned property worth USD 300,000 (EGP 9,270,630), depositing USD 500,000 (EGP 15,451,050) in an Egyptian bank account to be reimbursed in local currency after three years,…