Investments almost doubled in three months of FY 2017/18: Min.

CAIRO - 17 January 2018: Investments have collectively risen by 53.3 percent in the first quarter of 2017-2018 FY in comparison with the previous fiscal year to stand at LE150 billion, the Investment and International Cooperation Ministry said Wednesday.

The private sector investments leapfrogged 15.5 percent in the first quarter of 2016-2017 FY to stand at EGP 78.1 billion, the ministry said in its monthly bulletin.

The number of companies that were set up and expanded in December 2017 hit 2095 (1749 established companies and 346 expanded companies) against 1319 companies in December 2016.

The newly established companies in December 2017 are expected to create about 7,500 jobs.