113 small to middle-sized companies created this week

Ahram Online, Saturday 8 Oct 2011

Number of newly established companies this week slowed in comparison to last week, capital issued is slightly up

Individual business made up for most newly established companies this week. (Photo:Reuters)

113 new companies were established this week, creating more then 1000 job opportunities.

The new firms are mainly small to medium sized local investments, one in every three is an individual company.  

Total issued capital remained almost unchanged, reaching LE161 million, funded mainly by local contributions.

Arab investment represents 3.5 per cent, and no significant foriegn investment was reported.

Services and manufacturing were the two main hubs for investmtents this week.



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