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Tax-free car import initiative generates $2B in payment orders

Since the initiative’s launch, 589,724 Egyptians have registered on the platform, expressing their desire to bring cars from abroad

By: Business Today Staff

Tue, May. 7, 2024

The Minister of Emigration, Soha Gendi, revealed that the initiative allowing Egyptian expatriates to import cars for personal use yielded $2 billion as a total value of payment orders from Egyptian expats.

Since the initiative’s launch, 589,724 Egyptians have registered on the platform, expressing their desire to bring cars from abroad.

Minister Gendi asserted that the Ministry of Emigration has been actively working to eliminate any obstacles that may hinder Egyptian expats from benefiting from this opportunity. The concerted efforts made by the ministry have resulted in the smooth implementation of the initiative, enabling a significant number of expatriates to bring their desired vehicles to Egypt.

The State Minister of Emigration concluded her statement by affirming the government's commitment to supporting and addressing the needs of Egyptian expats.