News | Investment
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Fitch Solutions Downgrades Projections for Egypt’s GDP growth
Monday, 11 January 2021
Fitch Solutions has downgraded its projections for Egypt’s real GDP growth for the second time in two months to reach 3% in 2021, down from the 3.2 % that in December 2020
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El Rabwa Network to Invest EGP 1.5 bn in Mostakbal City: Chairman
Monday, 28 December 2020
El Rabwa Network has unveiled plans to pump EGP 1.5 bn worth of investments into developing the Global Paradigm Schools complex in New Cairo’s Mostakbal City, following the opening of the education project's first administrative headquarters in early December.
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Egypt Gets Almost USD 2.7 bn in Funding for Sinai Development in 2020
Thursday, 24 December 2020
Egypt teamed up with several international financial institutions for financing several development projects in the Sinai Peninsula, at a combined value of almost USD 2.7 bn (EGP 42.4 bn), in 2020.
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GCC Investors Seek to Develop Cairo, Sphinx Airports: Minister
Thursday, 17 December 2020
Minister of Civil Aviation Mohamed Manar said some Saudi and Kuwaiti investors are keen to compete for cargo village and logistic projects at Cairo International Airport (CAI) and Sphinx International Airport (SIA).
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Elsewedy Electric Receives High-Level Delegation From Business France
Sunday, 13 December 2020
Elsewedy Industrial Development, a subsidiary of Egypt-based cable maker Elsewedy Electric, has received a high-level delegation from Business France, to visit one of the former company’s projects in 10th of Ramadan City, Sharqia Governorate.
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Red Sea Province to See EGP 10.8 bn Public Investments in FY 2020/21
Wednesday, 9 December 2020
At least 162 development projects, worth a total of EGP 10.8 bn of public investments, are in the pipeline at the Red Sea Governorate as part of the state's “Citizen Investment Plan" for FY 2020/21, which aims to bridge the planning process of Egypt Vision 2030.
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Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat
Monday, 7 December 2020
Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.
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Dubai Closes USD 1.8 bn Home Deals in October
Monday, 7 December 2020
October 2020 has emerged as a strong month for Dubai's residential real estate market, with 3,395 home deals (worth USD 1.8 bn) sealed throughout the month, posting a 37.2% and 62.8% jump in the off-plan and secondary segments.
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Foreign Reserves Hit USD 39.2 bn by November-End: CBE
Monday, 7 December 2020
The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.
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Gov’t Mulls New Tourism Project in Sharm El Sheikh’s Ras Jamila
Sunday, 6 December 2020
Minister of Civil Aviation Mohamed Manar has met with Minister of Public Enterprise Sector Hisham Tawfik to discuss ways to carry out a hospitality establishment in Sharm El-Sheikh's Ras Jamila area.
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Last Modified January 17, 2021