Investment Ministry
Egypt also jumped six places in the 2020 doing business report and 19 places in the enterprise startup index released by the World Bank
Nasr on Saturday called on British companies to boost investments in Egypt that reached $ 47.8 billion, with 1,817 British companies operating in the country.
The two sides also tackled the bank's support to the auto industry in Egypt.
Parliament approved on Tuesday a €225 million agreement previously signed between the Investment Ministry and the German KfW Development Bank.
The number of companies established in October stood at 2,445, an increase of 1,519 companies compared to September.
The Egyptian parliament approved in October investment law No. 72 of 2017.
Investment and International Cooperation Minister Sahar Nasr will open Youth and Employment in the Middle East and North Africa (MENA) conference on Sunday.
Minister of Investment Sahar Nasr discussed with World Bank (WB) Country Director for Egypt Asaad Alam providing Cairo with the third $1 billion.
Ministry of Investment reveals founding 370 new firms over the past week, at a rate of 74 companies per day.
The General Authority for Investment and Free Zones (GAFI) has established 262 new companies worth 306.8 EGP million ($12 million)
Total capital invested inside Egypt’s private free-trade zones has exceeded $55 billion (996 billion EGP)
Most Read
