You want to become an Egyptian citizen, Prepare 5.6 billion rupees

CAIRO, KOMPAS.com – Foreign nationals wishing to obtain Egyptian citizenship are now possible with the approval of the controversial investment bill by the country's parliament.

MENA News, Egyptian MP Monday (16/7/2018) pbaded a bill allowing foreigners to have citizenship rights by depositing 7 million Egyptian pounds (about 5.6 billion USD) in local banks over a period of five years.

The New Arab According to the bill, the Minister of the Interior will be allowed to grant citizenship to foreigners living in Egypt and will deposit 7 million pounds sterling for at least five consecutive years [19659002] See also: Social Media Monitoring Bill by the Egyptian Parliament

Supporters of the project u the law says it would encourage investment for the Egyptian economy in times crisis due to political instability and security issues.

But regulations that seem to sell Egyptian citizenship to foreigners have been criticized by Egyptian lawmakers. Opposition MP Haitham al-Hariri accused the Egyptian government of allowing the sale of citizenship to earn money quickly.

Pro-government MP Mustafa Bakri also rejected the bill and declared that Egyptian citizenship was not for sale. While parliamentary spokespersons responded to criticism by claiming that Egyptian citizenship is valuable and not for sale

See also: The Egyptian government expands the state of emergency to 3 months