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Egypt Today: Investment Ministry easing business measures to encourage firms to expand in Egypt

Investment Minister Sahar Nasr, in a meeting with LG Egypt CEO Don Kwak Monday, said her Ministry is acting to offer support for the private sector.
15.01.19 | Interesting article at Egypt Today

Egypt is keen on easing measures that face investors in the country, such as LG Electronics.

Investment Minister Sahar Nasr, in a meeting with LG Egypt CEO Don Kwak Monday, said her Ministry is acting to offer support for the private sector and encourage foreign companies to double their businesses in Egypt.

Kwak said LG intends to pump an additional $15 million worth of new investments in Egypt that will be used to expand existing production lines.

LG investments in Egypt total some $240 million, Kwak said, noting that now is the right time to do business in the country.