Establishment of 3 Kuwaiti Companies in Egypt

Osama Saleh - Minister of Investment - said he was established 3 Kuwaiti companies in Egypt during the month of February, adding that Kuwait's contributions exceeded $ million Egyptian pounds. Saleh said, in a statement to the newspaper "opinion" of Kuwait, on Saturday, said that the three companies, which was established operating in the service sector, where it was established two companies in Cairo, while came third in Giza governorate, pointing out that the Kuwaiti investors poured investments in Egyptian companies list working in the agricultural sector during the month of February.

He explained that Kuwaiti investors had they founded 3 companies in February of last year, 2012, and distributed in a variety of sectors represented in the communications and information technology and services industry by one company in each sector. Minister of Investment is expected start activating nets licenses per order shortcut procedures to establish companies in Egypt, and the granting of licenses for a short time, noting that the law allows for the investment that licenses are issued to investors allow them to begin work until the end of government agencies to review the papers and documents for the establishment These companies.

He pointed out that during the past short period about 330 were identified investment opportunity ready for implementation in the Egyptian governorates, in addition to 20 projects related to collaboration between the private sector and the government $ 8 billion raised in April of this year. He pointed out that there are projects nationalism on the axis of the Suez Canal is divided into 3 projects, the first in East Port Said, and planned to be the largest port in the world, and has an industrial zone and free zone projects destined for export, as well as the Northwest Gulf of Suez, and the eastern Ismailia, where The LED technology dedicated to technological projects, raised to begin this year.