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Want to Be an Egyptian? It’ll Cost You $391,000

A street scene in Cairo

A street scene in Cairo

Photographer: Khaled Desouki/AFP via Getty Images

Updated on

Foreigners living in Egypt will be able to apply for citizenship after five years of residency under new rules given initial backing by parliament -- as long as their pockets are deep enough.

Under the proposal, which won lawmakers’ preliminary approval on Sunday, foreign nationals would need to deposit at least seven million Egyptian pounds ($391,000), or the equivalent in another currency, for each of five consecutive years, and meet other citizenship criteria, the daily Al-Akhbar and Al-Ahram newspapers reported.