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

Popular Egyptian TV Host Reham Saeed Suspended for Insulting Obese Women

Egyptian StreetsAugust 24, 2019

Sisi Attends G7 Summit in France to Discuss Africa, Inequality and Fires in Amazon

Egyptian StreetsAugust 24, 2019

Mohamed Salah Stands by Controversial Amr Warda Comments in New CNN Interview

Egyptian StreetsAugust 20, 2019

Egyptian Eco-Startup and Banque du Caire Launch Campaign to Clean Up Sahel’s Beaches

Egyptian StreetsAugust 20, 2019

Baron Palace Will Open its Doors in October 2019

Nour EltiganiAugust 19, 2019

Egypt’s Handball Champions Awarded Just $90 Dollars for Historic Victory by Federation

Egyptian StreetsAugust 19, 2019

Egypt U19 Handball Team Beat Germany to Become World Champions

Egyptian StreetsAugust 18, 2019

This Year’s Round of ‘ProGirls’ Initiative Begins in Cairo and Alexandria

Egyptian StreetsAugust 18, 2019
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.