foreign investors
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Investment
GAFI Ratifies USD 1.1 bn New Projects in 9M
Tuesday, 24 November 2020
The General Authority for Investment and Free Zones (GAFI) signed off on the execution of 31 new investment projects across Egypt during the first nine months of 2020, at a total cost of USD 1.1 bn (EGP 17.2 bn).
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Developers Investment
Emaar Misr Gets Nod on EGP 40 bn Investment Zone
Tuesday, 24 November 2020
The General Authority for Investment and Free Zones (GAFI) has ratified the establishment of a new investment zone for Emaar Misr for Development, with EGP 40 bn worth of investments.
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Investment
Egypt Secures Almost USD 226 mn for Civil Aviation Projects
Friday, 16 October 2020
The Egyptian Ministry of International Cooperation's funding portfolio from development partners for local civil aviation sector projects currently stands at almost USD 225.7 mn (EGP 3.54 bn).
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Developers Investment
Master Group Sets Up New Property Investment Firm in UK
Wednesday, 30 September 2020
Egypt-based Master Group has announced setting up a new real estate development and investment company in the United Kingdom, in a bid to reach out to more property investors and create additional investment opportunities overseas.
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Business
ADTIC Announces Renovation of its Egyptian Hotels
Sunday, 13 September 2020
Abu Dhabi Tourism Investment Company (ADTIC), a subsidiary of the Abu Dhabi Fund for Development (ADFD), has uncovered a major refurbishment project for its hotels in Egypt, aiming for completion in H2 2021.
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Infrastructure
Siemens Energy to Power Alexandria’s Bashayer El Khair Project
Sunday, 13 September 2020
Germany-based Siemens Energy has been picked by the Egyptian Electricity Transmission Company (EETC) to connect Alexandria's Bashayer El Khair residential project with the country’s national grid.
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Investment
SCZone Attracts USD 15 bn Investments in 5 Yrs: Official
Sunday, 13 September 2020
The Suez Canal Economic Zone (SCZone) attracted about USD 15 bn (EGP 236.84 bn) worth of investments over the past five years, thanks to the establishment of over 220 companies in the various vital fields of Egypt.
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Events
Cityscape Presents New Look for Dubai 2020 Show Amid Corona
Wednesday, 9 September 2020
Informa Markets, the organizer of the multi-market Cityscape portfolio of property events, has announced the reinvention of its Dubai event in 2020, aiming to rebuild growth in MENA real estate, amidst the continuing Coronavirus crisis.
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Developers Investment
Carrefour Unveils New Stores to Expand Footprint in Egypt
Wednesday, 29 July 2020
Carrefour has opened its 53rd branch in Egypt, further anchoring its commitment to supporting the growth and development of the local community by offering various choices of quality products at affordable prices.
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Developers
IDG Presents Egypt’s 1st Eco-Sustainable Industrial Park
Wednesday, 8 July 2020
Industrial Development Group (IDG) has announced the launch of Egypt’s first eco-sustainable park, called "e² Alamein," to be developed over 2.7 square kilometers in the North Coast's New Alamein.
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Last Modified January 21, 2021