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

Luxor’s Karnak Temple to be More Accessible for Special Needs Visitors

Egyptian StreetsApril 21, 2018

Egypt Faces 54 Billion Cubic Meters Water Shortage: Minister

Egyptian StreetsApril 21, 2018

Sudden Death of Swedish DJ Avicii Leaves Fans Sad, Shocked

Egyptian StreetsApril 21, 2018

Sudan Protests to United Nations Over Egyptian Voting in Disputed Area

Egyptian StreetsApril 19, 2018

300 Artifacts on Display at the Egyptian Museum for the First Time in Temporary Exhibition

Egyptian StreetsApril 19, 2018

Egypt’s Military Declares IS Leader is Killed in Sinai

Egyptian StreetsApril 18, 2018

102 Churches to be Legalised in Egypt

Egyptian StreetsApril 18, 2018

Egypt’s Unemployment Rate Drops to 11.8 Percent In 2017

Egyptian StreetsApril 16, 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.