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Elham AbolFateh

Business

US-based UPER pumps $100 mln investments in Egypt

Wednesday 09/January/2019 - 02:00 PM
Sada El Balad
Hassnein Tayea
Egypt’s Minister of Investment and International Cooperation Sahar Nasr held talks on Wednesday with first deputy chairman of the US-based UBER company Tony West.

The talks took up means of increasing the company's activities in Egypt.

This comes within the framework of UBER'S plan to invest 100 million dollars in Egypt over the coming five years.

West meanwhile lauded the investment atmosphere in Egypt and incentives offered by the government to investors.

He said that this is why his company is seeking to increase its investments in Egypt.
For her part، Dr. Sahar Nasr stressed the Ministry's support to all companies to expand their investments in Egypt، pointing to the government’s plan to increase investments that provide job opportunities and offer good service at a reasonable price to citizens.

The Minister also lauded UPER’s role to regularize those workers informally employed at the company and provide them on best quality standards in order to provide a safe service for citizens and a tax revenue for the state.

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