Egypt Gets Second Tranche of AfDB Loan

• Monday, 3rd April 2017
• by Leena ElDeeb

Egypt received on March 31 the second tranche of USD 500 mn from the USD 1.5 bn loan financed by the African Development Bank (AfDB) over a three-year period as part of a comprehensive program to economically develop and support the government's socio-economic program, Invest-Gate reports.

Egypt Sets Up Entrepreneurship Company to Support SMEs

• Thursday, 30th March 2017
• by Menna A. Farouk

The Egyptian government signs an agreement with the Saudi Fund for Development and Egyptian investment bank NI Capital to establish a EGP-451-mn company aiming to support SMEs and foster innovation, Invest-Gate reports.

Completion of Developments at New Administrative Capital in 2018 Confirmed

• Wednesday, 29th March 2017
• by Menna A. Farouk

The completion of large developments across the New Administrative Capital by the end of 2018 is confirmed at the inaugural of Cityscape Egypt 2017, Invest-Gate reports.

Gov’t to Build New Homes in Cairo’s Maspero Triangle

• Tuesday, 28th March 2017
• by Fatma Khaled

The Egyptian government will demolish slums in Maspero Triangle located in the heart of Cairo and develop them into residential units, Invest-Gate reports.

Gov’t Builds 2,000 Housing Units in New Al Alamein City

• Sunday, 26th March 2017
• by Fatma Khaled

The Egyptian Ministry of Housing is currently establishing approximately 2,000 social housing units in New Al Alamein City, 700 of which are being finalized, Invest-Gate reports.

Gov’t Pledges Alternative Housing Units for Maspero Residents

• Thursday, 23rd March 2017
• by Leena ElDeeb

The government has pledged to provide alternative housing units for residents of the Maspero area, west of Cairo, announcing that it will receive their requests as of March 25, Invest-Gate reports.

Egypt Negotiates Third Tranche of WB Loan

• Thursday, 23rd March 2017
• by Nayrouz Talaat

Egypt is in talks with the World Bank (WB) for a third and final USD 1 bn tranche of the bank’s total USD 3 bn loan aiming to support the government's economic reform program, Invest-Gate reports.

Land Plots, Residential Units To Be Offered For Expats, April

• Wednesday, 22nd March 2017
• by Leena ElDeeb

The Ministry of Housing will offer land plots in nine new cities and residential units at Madinaty, Rehab, and the Dar Misr project for Egyptian expats next month, Invest-Gate reports.

Egypt Eyes Economic Growth Rate of 5.5-6%

• Wednesday, 22nd March 2017
• by Fatma Khaled

The government is eyeing an economic growth rate of 5.5-6% in the coming years with its current economic policies and reform program, Invest-Gate reports.

Egypt Receives Second Tranche of WB Loan

• Tuesday, 21st March 2017
• by Leena ElDeeb

The World Bank (WB) is disbursing Egypt USD 1 bn in financial assistance as a second tranche of its USD 3 bn loan program with the country, Invest-Gate reports.