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Government sources have estimated that over 40,000 jobs have been created with the set up of QIZs. Investment is currently valued at US$85–100 million and expected to grow to $180 to $200 million. The success of QIZ have led to the United States and Jordan signing a Free Trade Agreement in 2001 that was approved by the US Congress.
The ministry's headquarters is in Cairo.The Minister of Manpower and Immigration also chairs the higher committee for migration that was established in 1977.
The Nile River Delta in 2010, Egypt's major population center, which includes the industrial city of El-Mahalla El-Kubra and Egypt's largest industrial facility, Misr Helwan. In 2004, the company employed 23,000 workers and exported 46,000 tons of cotton yarn, 150 million square meters of fabric, and 5 million garments annually. [ 10 ]
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In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Egypt warns visiting US general on Lebanon risk August 25, 2024 at 5:58 AM CAIRO (Reuters) - Egyptian President Abdel Fattah al-Sisi warned America's top general during a meeting on Sunday of the ...
U.S. President Joe Biden's administration will divert $95 million in military aid allocated for Egypt to Lebanon, which faces threats from Hezbollah and other non-state actors and is enforcing a ...
The government put new requirements on the employers, demanding that they deposit a sum of 1,500,000 LBP (1000 $) in the housing bank as a prerequisite to get authorization of employment. The housing bank is a government bank and the deposit is to ensure that the employer pays taxes and covers the airline tickers; should the domestic worker go ...