The Egyptian General Authority for Investment and Free Zones (GAFI) approved the establishment of 10 projects with a combined capital of $11.4 billion from 1 January to 9 March, GAFI’s executive director Mohamed Abdel Wahab said.
With a total investment cost of $16 million, these projects have created about 2,000 jobs, Abdel Wahab added in a statement released by the cabinet on Sunday.
Additionally, seven projects have expanded their capital with a total value of $10 million, he noted.
Moreover, a total of 29 projects increased their investment cost by $659.5 million and four projects created 493 additional jobs.
Zawya
15/03/2020
