EBRD Approves Deal Worth USD 500 mn to Fund Renewable Projects in Egypt

• Monday, 12th June 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) approves on June 7 an agreement worth USD 500 mn to finance renewable energy projects in Egypt, Invest-Gate reports.  

Egypt Inaugurates 1st Industrial Plastic Complex in Alex

• Monday, 12th June 2017
• by Nayrouz Talaat

Egypt inaugurates the first integrated industrial complex for plastics on a land plot spanning an area of 25 feddans, in order to encourage the establishment of more logistics and value-added institutions that help boost surrounding industrial zones, Invest-Gate reports.

Egypt, General Electric Discuss Ways of Upgrading Railways

• Monday, 12th June 2017
• by Nayrouz Talaat

Officials from the Egyptian government and the US multinational corporation General Electric have discussed ways of upgrading the national railways in the coming period, Invest-Gate reports.

Sewage Projects Worth EGP 170 mn Completed in Damietta

• Thursday, 8th June 2017
• by Menna A. Farouk

Minister of Housing and Urban Development Mostafa Madbouly is announcing the completion of sewage lifting stations and expulsion lines in eight villages in Damietta, Invest-Gate reports.

New Development Projects to Start in Red Sea

• Monday, 5th June 2017
• by Menna A. Farouk

The Housing Ministry sign a protocol of cooperation with the Red Sea Governorate on June 4 in order to develop settlement villages for Bedouins spanning from El-Zafarana to Ras Hadraba in the Red Sea, Invest-Gate reports.

Norway Plans to Increase Investments in Egypt to USD 2 bn

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Norway plans to increase its investments in Egypt to around USD 2 bn during the upcoming period, Invest-Gate reports.

Work Starts at Villas District in New Administrative Capital

• Wednesday, 31st May 2017
• by Menna A. Farouk

Construction works are starting at the site of the villas district as part of the residential community in the New Administrative Capital, Invest-Gate reports.

MFF, Contact Ink EGP 250 mn Cooperation Protocol

• Monday, 29th May 2017
• by Menna A. Farouk

The Mortgage Finance Fund (MFF) signs a cooperation protocol worth EGP 250 mn with Egypt’s real estate finance agency, Contact, to finance low-income applicants for social housing units, Invest-Gate reports.

NBE Offers EGP 200 mn Funding to Social Housing Project

• Sunday, 28th May 2017
• by Menna A. Farouk

The National Bank of Egypt (NBE) will donate EGP 200 mn to finance the construction of “Ahalina” social housing project, Invest-Gate reports.

Egypt, EU Conclude EUR 1.4 mn Program to Improve Performance of Quality Infrastructure

• Thursday, 25th May 2017
• by Nayrouz Talaat

Egypt and the European Union are concluding a EUR 1.4 mn program aimed at supporting and strengthening the performance of the Egyptian Quality Infrastructure within the national reform priorities so that it is aligned with European and international best practices for building capability, Invest-Gate reports.