Egypt targets 5% GDP growth by end of 2017-18

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Egypt expects its gross domestic product to grow by 5% by the end of FY2017-18,  Invest-Gate reports.

Investment Zones to be Established in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh, and Qalyubia

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The government okays the establishment of three free investment zones in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh and Qalyubia, Invest-Gate reports.

Egypt Gets USD 116 mn from EBRD to Build Two Power Plants 

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) and Proparco grant Egypt a loan worth USD 116 mn to build two power plants, Invest-Gate reports.

Moody’s Affirms Egypt’s Ratings 

• Monday, 21st August 2017
• by Menna A. Farouk

Moody's Investors Service affirms the Egyptian government's ratings, Invest-Gate reports.

Construction Works at Grand Egyptian Museum Reach 70%

• Monday, 21st August 2017
• by Menna A. Farouk

Construction works at the Grand Egyptian Museum project are 70% completed, Invest-Gate reports.

Nasr: Approved New Law to Lure More Investments

• Sunday, 20th August 2017
• by Menna A. Farouk

Investment and International Cooperation Minister Sahar Nasr says executive regulations to the new investment law aim to attract more investments to the country by providing the suitable climate, Invest-Gate reports.

Egypt, AFDB Discuss Program to Support Infrastructure Projects

• Sunday, 20th August 2017
• by Menna A. Farouk

The Egyptian government is in discussions with the African Development Bank (AFDB) for a program worth USD 3 bn planned for 2015-2019, aiming to support Egypt's infrastructure projects, Invest-Gate reports.

Gov’t to Develop Slums in Damietta for EGP 24.8 mn 

• Thursday, 17th August 2017
• by Menna A. Farouk

The government plans to develop unsafe areas in Damietta, Invest-Gate reports.

Egypt Signs USD 1.24 bn Light Rail Deal with AVIC

• Wednesday, 16th August 2017
• by Menna A. Farouk

Two Chinese state companies sign a USD 1.24 bn deal with Egypt to build a light rail system around Cairo, Xinhua reports.

WB Team to Visit Egypt Aug 20 for Loan Discussions

• Wednesday, 16th August 2017
• by Menna A. Farouk

A World Bank delegation is to visit Egypt on August 20-24 to reimburse the third tranche of a loan that aims at supporting Egypt's social and economic development program, Invest-Gate reports.