A total of 370 new companies have been established during the third week of May with investments worth EGP 580.4 mn, Invest-Gate reports.

According to the General Authority for Investment (GAFI), these new firms will provide around 2,050 job opportunities.

The newly-established companies cover an array of sectors including agriculture, industrial, tourism, services, and information technology.

Egypt is looking to attract USD 13-15 bn investments during 2018, whereas investments expected for 2017 are likely to reach USD 10 bn.