IMF delegation visits Cairo to Review Reform Program

• Sunday, 30th April 2017
• by Nayrouz Talaat

An IMF delegation is now visiting Cairo to review the recent updates on the country’s economic  reform program as a preparation for providing the country with the second tranche of a USD 1.25-bn loan, Invest-Gate reports.

Prime Minister: New Investment Law to be Issued in May

• Thursday, 27th April 2017
• by Yasmin El-Beih

A new investment law is expected to be issued in May as part of the country’s basket of economic reforms, Egynews reports.

Over 200,000 Homes completed nationwide over past two years

• Thursday, 27th April 2017
• by Yasmin El-Beih

Approximately 212,000 residential units have been completed and 288,000 more units are currently under construction alongside a plan for an additional 100,000 units, Invest-Gate reports.

Arab Tourism Contributes by 36.3% to Egypt’s Tourism Industry

• Wednesday, 26th April 2017
• by Nayrouz Talaat

Arab tourism to Egypt accounts for 36.3% of the country’s tourism industry, Invest-Gate reports.

Gov’t Seeks to Salvage Fourteen Stalled Projects

• Wednesday, 26th April 2017
• by Fatma Khaled

The government is seeking to salvage fourteen projects worth EGP 4 bn which were stalled due to ministerial orders and lack of financing, Invest-Gate reports.

Egypt, Saudi Arabia Seek to Establish 8 Real Estate Projects in North Coast, Red Sea

• Monday, 24th April 2017
• by Nayrouz Talaat

The Saudi-Egyptian Business Council is mulling the establishment of eight real estate development projects in the North Coast and the Red Sea resort towns of Sharm El-Sheikh and Hurghada as President Abdel Fattah El Sisi is on an official visit to the Kingdom, Invest-Gate reports.

Nasr: China to Be Egypt’s Tenth Largest Foreign Investor

• Thursday, 20th April 2017
• by Nayrouz Talaat

Egypt hopes that China will be the country’s 10th largest foreign investor in the coming years, Invest-Gate reports.

CAPMAS Counts Residential Buildings, North Sinai

• Wednesday, 19th April 2017
• by Leena ElDeeb

The state-run Central Agency for Public Mobilization and Statistics (CAPMAS) is starting to count residential buildings in North Sinai, a first-phase operation which will last until May 26, MENA reports.

Gov’t in negotiation with Dubai’s UWI over Real Estate projects

• Wednesday, 19th April 2017
• by Nayrouz Talaat

The Egyptian government is negotiating a deal with United World Infrastructure (UWI), a Dubai and Washington-based infrastructure, investment and development company, to help fill its funding gaps and cooperate to acquire, invest in, design, build, and operate new clusters and other real estate and infrastructure projects, Invest-Gate reports.

Egypt to Increase Share of Renewable Energy to 22% by 2020

• Wednesday, 19th April 2017
• by Fatma Khaled

Egypt is seeking to increase its share of renewable energy sources to 22% by 2020, Invest-Gate reports.