53 new enterprises dealing in tourism, trade approved

The companies board at the Ministry of Economy approved the setting of 53 new firms between July 12 and August 7, at a total licensed capital of L.E 475 million and issued capital of L.E 54.253 million.

There are 32 stock firms, 21 of which are limited companies, sources said.

The Foreign Firms Representation Office has also been approved to conduct feasibility studies for new projects and market surveys.

The new firms will deal with tourism, trade and contracts in major cities.