GAFI: 19% Increase in Capital Investment CompaniesSource: www.export-egypt.com 7/28/2012, Location: Africa |
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The total capital of investment companies increased by 19 percent in the fiscal year 2011 compared to the previous year, said Head of the General Authority for Investment and Free Zones (GAFI), Osama Saleh. The increase in capital of institutions is to provide 160,000 job opportunities. Also, the average number of monthly foundation of companies has increased from 520 to 622, added Saleh. He noted that the total cost of GAFI's projects reached EGP 378 million that were used for increasing GAFI assets and to support its expanded plans to offer more incentives to investors.
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