Egypt witnessed an 11.30% year-on-year (YoY) growth the total number of newly established firms during the first nine months of 2023, according to a report by the Ministry of Trade and Industry.
This brings the total number of companies to 24,903 in the January-September period, compared to 22,374 during the same period in 2022.
On the other hand, the total value of capital flows decreased by 51.16% YoY to reach $4.876 billion during the first nine months of 2023, compared to $9.984 billion during the same period last year.