NUCA Allocates EGP 500 mn to Develop Shantytowns

• Monday, 22nd May 2017
• by Nayrouz Talaat

The state-run New Urban Communities Authority (NUCA) has directed part of its profit surplus in the past one and a half years to developing shantytowns, Invest-Gate reports.

Over 1,000 Special New Homes to be Offered in New Cairo

• Monday, 22nd May 2017
• by Fatma Khaled

Approximately 1,872 residential units will be offered as part of a special housing project in New Cairo’s Third Settlement, Invest-Gate reports.

Gov’t Offers Sale of Social Housing Units in USD to Expats

• Monday, 22nd May 2017
• by Fatma Khaled

The government is offering the sale of social housing units in USD for Egyptian expats, Invest-Gate reports.

Egypt in Talks With WB for USD 200 mn Loan

• Monday, 22nd May 2017
• by Nayrouz Talaat

The government is currently in talks with the World Bank to receive a EGP 200 mn loan aiming to finance labor-intensive projects nationwide, Invest-Gate reports.

PM Sets May 30 as Deadline for Reclaiming Stolen Lands

• Monday, 22nd May 2017
• by Menna A. Farouk

Egypt’s Prime Minister Sherif Ismail is calling on governors to conclude the process of reclaiming state-owned lands illegally appropriated on behalf of private parties by May 30, Invest-Gate reports.

GAFI Says 370 Firms Established in Third Week of May

• Monday, 22nd May 2017
• by Nayrouz Talaat

A total of 370 new companies have been established during the third week of May with investments worth EGP 580.4 mn, Invest-Gate reports.

Egypt To Inject More Investments in Startup Incubators, Risk Management Funds

• Sunday, 21st May 2017
• by Nayrouz Talaat

The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.

Belarus Delegation Due in Cairo Soon to Scout Investment Opportunities in New Administrative Capital

• Thursday, 18th May 2017
• by Fatma Khaled

A Belarus delegation is expected to visit Egypt soon in order to scout investment opportunities in the New Administrative Capital, Invest-Gate reports.

Egypt, Kuwait Ink KWD 12.5-mn loan For Al-Arish Infrastructure

• Wednesday, 17th May 2017
• by Nayrouz Talaat

Egypt and the Kuwait Fund for Arab Economic Development (KFAED) sign a KWD 12.5-mn loan agreement to finance water access project in Al-Arish, North Sinai, Invest-Gate reports.

Mameesh: SCZone Eyes Attracting Several Industries

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Chairman of the General Authority for the Suez Canal Economic Zone, Mohab Mameesh, says that the Suez Canal Development Project seeks to attract several industries, including automotive, electronics, ship repair, textiles, furniture and pharmaceuticals, Invest-Gate reports.