Page 4 - Issue 58

Vol. 1 Issue 58 August 2023 ELITE

Meeting Expatriate Egyptian Businessman ‘Mr. Karim

Asaad,’ Chairman of ‘Brooks and Kempton’

Interview conducted by: Dr. Ramy Magdy - Edited by: Mirna Ossama

1. How do Egyptians expatriates play a role the inauguration of the company, alongside
in supporting Egyptian state policies? other senior state leaders, including the
Above all, Egyptians abroad make an President [Al-Sisi]. This company is still in
effort to communicate with the state, its infancy, with its initial vision and
whether directly with leaders in Egypt or fundamental legal coordination forming
[indirectly] through leaders in the during the Conference of Egyptian

community or official bodies such as the Communities that was sponsored by the
embassy or consulate. Egyptians are the Ministry of Migration. We and some of the
first to support their country and maintain founders were present at this conference, in
its image both at the level of England and addition to some official sponsors so that
globally. Egyptians speak about their we could get to know each other.
country with love, whether in terms of The idea began during the "Egypt Can"
economy, tourism or politics, and we Conference in 2019, where a number of
support our country and its leaders because experts and investors considered
that is how we can protect it. Additionally, establishing a company, but then the
those working abroad help the economy [pandemic] closure came in the United
through two way. Some make currency States, Europe and England and lasted
transfers to Egypt, others invest in areas until 2021. Upon our return to Egypt, the
such as international trade, agricultural idea began to centered our conversation
commodity supply (import or export) and once again until we were finally able in
in any products that are needed in all 2023, at a meeting with the Ministry of
activities and fields. Migration and Her Excellency Ambassador
2. There has been recent talk about the Suha El-Gendi, to present the idea. We
Egyptian Overseas Investment Company; met with the Prime Minister [Mostafa
Madbouly] and the Chairman of the
3 what are the company's most important roles Investment and Financial Control
and objectives?
The important role lies in that of the Authority of the New Administrative
Egyptian Ministry of Migration and the Capital, all who encouraged us to proceed.
General Authority for Investment and Free This embedded within us the feeling that all
Zones (GAFI), with sponsorship from the state bodies are supportive.
Prime Minister, who promotes the idea of