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FINANCIAL NEWS
Egypt’s industrial investments grow by 19 percent
26 Jul 2016
(MENAFN) Industrial investments in Egypt are projected to increase by 19 percent this year, compared to last year.
Recently, a total of 1.304 approvals have been given for establishing industrial projects with investments of USD 2.39bn.
Accordingly, 622 projects received immediate and initial but conditioned approvals, while industrial records have been renewed and modified for 3.179 investors.
Moreover, three new factories will be opened in 6th of Oct City in the engineering, medical and aluminum industries worth USD 33.69mn.
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