News / Government

Egypt to Build New Power Plant in New Administrative Capital

Egypt’s cabinet is approving the establishment of a new power plant in the New Administrative Capital spanning an area of 744,000 square metres, Invest-Gate reports.

The Long-Awaited Investment Law No.8 Finally Approved

Following months of preparation, the Egyptian Parliament has finally approved the long-awaited Investment Law No.8 of 2016 and to be declared by President Abdel-Fattah El-Sisi soon, Invest-Gate reports.

Egypt Property Show Hosts Several Egyptian Developments in Dubai

Several major real estate projects have been showcased in Egypt Property Show that is organized by state-owned Al Ahram newspaper, Invest-Gate reports.

Administrative Capital to Feature First High-End Residential Compound

A high-end compound, entitled Midtown, will be constructed in the New Administrative Capital, Invest-Gate reports.

Egypt Records Growth of 3.9% in Q3 of FY2016-2017

Egypt achieves a growth rate of 3.9% in Q3 of FY2016-2017 compared to 3.6% achieved during the same period last year, Invest-Gate reports.

SCZone, Saudi Arabia’s ASIC Partner to Develop Land Plots, Granite City

The Suez Canal Economic Zone (SCZone) Authority will be partnering with Saudi Arabia’s ASIC Capital to develop six mn square meters of land plots and a granite city spreading on an area of one mn square meters in the zone, Invest-Gate reports.

WB Plans to Disburse 3rd Tranche of Loan by Dec

The World Bank (WB) is planning to provide Egypt with the third tranche of its USD 3 bn loan program by December, Invest-Gate reports.

Egyptian Slums to be Replaced with 180,000 Homes

Approximately 180,000 housing units will be finalized by 2018 and offered to the residents of unsafe slum areas nationwide, Invest-Gate reports.

El Sisi Appoints Mohab Mamish as New Chief of SCZone for One Year

President Abdel Fattah El Sisi appoints Mohab Mamish as new chairman of the General Authority of the Suez Canal Economic Zone (SCZone) for one year, Invest-Gate reports.

EU Honors Egyptian Projects on Water Conservation

The European Union has shortlisted three Egyptian teams who presented three projects during the final ceremony of the "National Youth Competition for the Development of a Water Conservation Public Awareness Campaign" on April 27.

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