Egypt offers $3 billion investment opportunities to local, foreign investors

Egypt offered both local and foreign private-sector investors genuine investment opportunities in the internal trade sector estimated at 50 billion Egyptian pounds ($3 billion), Ibrahim Ashmawy, chairman of the Supply Ministry’s Internal Trade Development Authority said.

These opportunities involved 18 projects across 11 governorates on spaces of 360 feddans within two years, set to create around 400,000 direct and indirect jobs.

The internal trade sector will offer 10 more investment opportunities worth 40 billion Egyptian pounds within two years in order to establish logistic zones, commercial centers, wholesale markets, commercial chains and specialized markets.