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Egyptian expat remittances rise to $22 bln

Egyptian expat remittances rise to $22 bln
There are nearly 10 million Egyptians working abroad, said Mohamed Rayan, Head of General Union of Egyptians Abroad (GUEA), noting that their remittances rank fifth worldwide.
Speaking before an economic conference held in Cairo, Rayan said remittances rose from $9.5 billion to $22 billion last year, which reflects the confidence of Egyptians working abroad in the Egyptian economy.
Expatriates have several ideas for supporting the national economy through the establishment of development projects, according to the top official.