20 million pounds in capital for first investment company in Sinai

It was decided to establish the first investment company in northern Sinai with a capital of 20 million pounds, to be increased to 100 million pounds through a general subscription among citizens at a cost of 10 pounds per share.

This company will work in tourism, industrial and agricultural investment in addition to exports and imports.

El-Kashef Mohammed, one of the company's founders, told ArabicNews.com that 120 businessmen and residents of Sinai established the company and that its first job will be using salt sources in northern Sinai to produce salt for food and industrial uses.