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FinancialNews


  • 24-09-18

    New Egyptian firms lean towards labor-intensive markets

    (MENAFN) Egypt's firms which have been set up under the new investment law are seeking to enter labor-intensive markets.

    This aim comes amid a challenge of the capital flowing strongly into fewer operational undertakings.

    Egyptian companies which were recently formed are involved in the industrial sector, as unveiled the fiscal annual report for 2017-2018.

    The industrial sector is considered as the most one with create capability to open job opportunities, 28,400 jobs in place, the report said.

    An overall of 1,213 construction companies were also revealed to have created 2,239 jobs, while 1,193 agricultural companies opened 4,946 jobs, and 1,027 service companies provided 2,883 jobs.

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