Last Update 22:7
Tuesday, 12 November 2019

Egypt sees 114 new companies in last week, creating 1,200 jobs

Official figures show new firms focusing on services and manufacturing, with over half of jobs classed as semi-skilled

Ahram Online, Saturday 10 Dec 2011
Egypt jobs
Semi-skilled tradesmen jobs are the major gainers this week (Photo: Reuters)
Views: 3101
Views: 3101

Egypt saw 114 new companies established over the last week, creating 1,235 jobs, data from the country's General Authority For Investment showed on Saturday.

Total founding capital for the new firms was LE132 million (US$21.985 million), with 89 per cent of it coming from Egyptian investors.
Almost half of the new firms -- 51 from 114 -- were in the services sector, with 'other activities' and manufacturing also making up sizeable proportions. Just three new companies were added to Egypt's troubled tourism sector.
Some 54 per cent of the new job opportunities were classed as at least semi-skilled and technical in nature, while 28 per cent were administrative.
Egyptians weren't the week's only investors; Arabs put in 6.7 per cent of the total capital raised, with from other nations supplying 4.3 per cent.
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.