Cairo - Mubasher: The Egyptian General Authority for Investment and Free Zones (GAFI) said on Saturday that the number of newly established companies in September reached 786, with investments totalling EGP 2 billion.
Egyptian capital represents 93% or EGP 1.85 billion of the new companies’ capital, while Arab and foreign capital accounts for 6% and 1% respectively.
As for the nature of the business activity, the number of multi-activity companies reached 313, while service providers stood at 239, according to a press release.
A total of 142 Industrial companies were established in September, while construction companies totalled 50 companies, with 25 others operating in telecom, 12 in agriculture, and 5 in tourism.
