Total of 250 technology centers will be developed to provide 120 services across Egypt, Hala El-Said says.
Afterwards, the remaining companies will be joining the new system successively until the end of June, 2021, Maait added.
The decree applies to those who were notified of the cancellation of the contract between them and the authority, and whose units have not been sold to others.
This payment, done on December 29, is made up of an additional $35 million industry payment from the government and $9.3 million from the sale of 157,350 barrels of El Wastani condensate, with both payments in US dollars.
President Abdel Fattah El Sisi on Wednesday had talks with CEO of Visa International Alfred Kelly and several senior company officials.
The UAE-based Dana Gas announced that Egypt paid off $164 million to the company, which represents 129 percent of the total billings.
The company allocated an initial LE 250 million in investments to its new venture.
Visa Inc, the world’s largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday.