A project to upgrade business records will be put up grabs in June to be implemented nationwide in partnership with the private sector.

Today, Minister of Communications and Information Technology Khaled Negm and Minister of Supply and Internal Trade Khaled Hanafy approved measures to float the project.

The project is estimated to cost 1.188 billion pounds and aims at upgrading services offered by 89 business record offices nationwide.

The project should be completed in two years and will take up to 10 years to go into effect.