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Economics
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Monday, 09 August 2010 14:24 |
Egypt Minister of Investment Mahmoud Mohieddin said Sunday 8/8/2010 that private sector investments hit $ 24.6827 billion (LE140 billion), to account for 11.6 percent of the country's
gross domestic product in the current fiscal year 2009-2010.
The private sector investments stood at LE46.4 billion in FY 2004-2005, accounting for 9.2 percent of the GPD then, Mohieldin said is statements.
During the current fiscal year, a total of 7,268 companies were established with issued capitals of LE17.5 billion, up 15 percent over the past fiscal year, he said.
The Egyptian investments account for 72 percent of private sector investments, while the foreign and Arab investments stand for 15 and 13 percent respectively, he added.
Twelve investment zones were also established across the country, Mohieddin said.
(SIS)
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