Investors to Launch EGP1 billion Joint Stock Firm in Upper Egypt

Egyptian Union For Investors Associations decided to launch Joint-stock firm with initial capital worth EGP1 billion in order to establish new projects for developing Upper Egypt governorate.

The head of the Union , Mohammed Farid Khamis pointed out that it was agreed with the General Authority for Investment (GAFI) to make the Shareholders of the firm represent 50% of businessmen and he offered 30% of the shares for underwriting and 20% as maximum for financial and bank institutions.

He emphasized that the firm will focus on several investment projects especially the infrastructure , tourism and industry fields.