News

Egypt Attracts a Total of $6.8 Billion of Foreign Investment in 4 Months

Egypt Attracts a Total of $6.8 Billion of Foreign Investment in 4 Months

International Cooperation Minister Sahar Nasr talks during an interview with Reuters in Cairo, Egypt -LOANS/ REUTERS/Mohamed Abd El Ghany

Egypt’s Investment and International Cooperation Minister Sahar Nasr said that foreign direct investment in Egypt amounted to $US 6.8 billion during the period from January to April.

During the Cabinet’s weekly meeting on Thursday, a draft law on joint stock companies and limited liability companies has been approved.

Nasr said the amendments aim at further attracting foreign investment into the country and creating an appropriate legal framework, according to the privately state-owned newspaper Al Masry al Youm.

The changes include amending 25 articles, adding 22 article in addition to encompassing a new chapter that aims at regulating the One Person Company (OPC), for those who look forward to start their own ventures with a structure of organized business.

According to Nasr, the incoming investments to help in the establishment of companies and web-based online services for investors.

Egypt Blocks at Least 65 Sites Including VPN Websites
Egypt's Ministry of Environment Launches "Enough Plastic Bags" Initiative

Subscribe to our newsletter


News

More in News

Four Dead, 11 Shot Near Strasbourg Christmas Market

Egyptian StreetsDecember 11, 2018

Egypt Restricts the Sale of Yellow Vests Suspecting that Egyptians Might Copy the French

Egyptian StreetsDecember 11, 2018

Egypt Investigates Danish Couple Who Climbed the Pyramids for Nude Photograph

Nour EltiganiDecember 10, 2018

Egyptian Jews Celebrate Hanukkah Holiday With the Public

Egyptian StreetsDecember 7, 2018

Chanel Turns to Egypt for Inspiration of Modern Design

Egyptian StreetsDecember 6, 2018

Egypt Receives a Loan from the World Bank to Help Entrepreneurs and Small Businesses

Nour EltiganiDecember 5, 2018

Lawyers Drop Charges Against Rania Youssef’s Dress

Egyptian StreetsDecember 4, 2018

Egyptian HandBall Coach to Train Australia’s Women’s National Handball Team

Nour EltiganiDecember 4, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.