Egypt: Foreign labor constitutes 3 percent of local market
Egypt, Economics, 4/27/1999

The report of the Egyptian public department for investment stated that foreign employment in investment projects does not exceed 3% of the total employment, despite a law enabling investment projects to use foreign employment without limits.

The report showed that it is the complete right of Arab and foreign investors to possess up to 100% of Egyptian companies or projects and to possess lands and properties and to use the foreign labor without limits, in addition to the right of foreign workers to transfer money and projects abroad without any conditions or restrictions.

Meanwhile, the reports expected that the current rate of foreign employment would go down due to the increase of skills of the Egyptian experts, trainees, trainers and employing specialists.

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