Industrial
The official's statements came during an event held by the Ministry of Planning and Economic Development on alternative financing to sustainable development.
Egypt aims to direct LE 10 billion of the government’s investments in the new fiscal year 2018/19 to develop Upper Egypt’s governorates.
The UAE was the biggest country importing from Egypt in 2017, with Egyptian exports to the Gulf country standing at $2.5 billion.
China’s commerce ministry said on Saturday that it would launch an anti-dumping review of industrial solvents imported from the U.S. and the EU.
A wrap-up of the most prominent business news of the day
A wrap-up of the most prominent business news of the day
The project will include 56 entities on an area of 56,000 square meters that can be used in different forms such as factories and depots.
MSMEDA has financed 224,000 micro and small projects with some LE 4.5 billion in 2017, providing around 305,000 jobs.
The Egyptian government has taken several decisions and measures during 2017 which helped improve the investment atmosphere.
The capital of companies valued at LE 3.9 billion compared to LE 1.6 billion in the same month last year.
The plan has been presented to President Abdel Fattah el-Sisi, who ordered to form a panel to discuss providing a date meal for school students.
A new free zone would be established on an area of 455,000 square meters adjacent to the Port of Safaga.
The industries targeted are textile, food processing, auto parts manufacturing, renewable energy, and petroleum.
The industrial investment map, launched Tuesday, included 4,136 opportunities in eight sectors, Minister of Industry Tarek Kabil said in a press conference.
The new Industrial Permits Act has reduced the time needed to acquire a permit from 360 days to only one week.
Built over 2,700 square meters, the new complex includes a large number of classrooms and workshops that will be dedicated to 10 main crafts.
A wrap-up for the most prominent business news of the day.
China’s economy is on track to meet its official growth target for 2017, the head of the state planning agency said on Saturday.
The project will take place on 250,000 feddans, with 50 kilometers on the Mediterranean coast, costing $10 billion.
U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally.
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