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ANSA: Investments authority offers opportunities for SMEs

These opportunities are especially in ten sectors from food processing to building materials, to automotive.
03.12.18 | Interesting article at ANSA

No minimum investment limit, which can also be of a purely financial nature or linked to the transfer of know-how. And specific opportunities for small and medium enterprises, especially in ten sectors from food processing to building materials, to automotive. Egypt also offers these opportunities, explains a source of the Gafi, the General Authority for Investment and the Egyptian Free zones, answering ANSA questions.

"There is no minimum investment, except in the Special Free Zones", the source said, answering the question about the minimum investment possible to start operating in Egypt.

However, the source warned that in these special areas "the project's issued capital shall not be less than USD 10 million, and the investment costs thereof shall not be less than USD 20 million or its equivalent in the free currency".

Of interest for companies that want to taste the (Nile) water is the facts that "for joint venture the investor can be partner in the project through financing the project, transfer know how or buy share in a company. Also, investing in Egyptian stock exchange is possible for foreigners indeed ", the source added.