According to the General Investment Authority, there are 161 new companies in Egypt, generating an estimated 2,038 jobs.
Total capital invested was LE187 million, a rise of some 42 per cent on the previous week which saw LE132 million invested in 131 new enterprises.
Practically all the new capital this week — 98.7 per cent — was Egyptian.
The sectors that show the most benefit were services, with 55 new companies, while other activities saw 67 new enterprises. Nine firms joined Egypt’s troubled tourism sector.
Total capital invested was LE187 million, a rise of some 42 per cent on the previous week which saw LE132 million invested in 131 new enterprises.
Practically all the new capital this week — 98.7 per cent — was Egyptian.
The sectors that show the most benefit were services, with 55 new companies, while other activities saw 67 new enterprises. Nine firms joined Egypt’s troubled tourism sector.
Some 53 per cent of jobs created last week were technical, 28 per cent were administrative and 6 per cent were in tourism.
2,000 new job opportunities in Egypt’s tourism sector
