Egyptian private investments rise 15.2% in Q1-FY2017/18

Egypt’s Ministry of Investment and International Cooperation (MIIC) announced Wednesday that county’s private investments surged by 15.2 percent, recording 78.1 billion Egyptian pounds during the first quarter of financial year 2017/2018.

Overall investments hiked 53.1 percent to 150 billion pounds during the first quarter of financial year 2017/2018 from 98 billion pounds during the same period of financial year 2016/2017, according to the MICC’s monthly bulletin.

In December 2017, the total number of both established and expanded companies jumped 58.8 percent to 2,095, compared with 1,319 in the same period in 2016.