News / Infrastructure

Several Developments in SCZone to be Finalized by June

Several industrial zones and developments are expected to be finalized by June 30 in the Suez Canal Economic Zone (SCZone), 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.

South Korea’s GS Establishing Largest Petrochemicals Factory in Egypt

South Korea’s conglomerate GS is establishing the largest petrochemicals factory in Egypt at a total cost of USD 3.7 bn, Invest-Gate reports.

China’s CRBC Willing to Invest in Egypt’s Transport Projects

China Road and Bridge Corporation is willing to invest in Egypt’s transport projects, especially in the construction of a multi-purpose terminal in the port of Safaga, Invest-Gate reports.

Madbouly Withdraws Construction Tender of Sheikh Zayed’s Central Park from Contracting Firm

Minister of Housing Mostafa Madbouly is withdrawing the construction tender of a central park in Sheikh Zayed from a contracting company, Invest-Gate reports.

Gov’t Opens Water Plant in New Cairo After 10 Years of Construction Works

The government opens a new water station in New Cairo after 10 years of construction works, Invest-Gate reports.

Cairo Forms Committee To Improve Efficiency Of Environmental Monitoring Units In Neighborhoods

The Cairo governorate is forming a committee to start activating the role of environmental monitoring units in neighborhoods and to study the problems they face, exempting them from perfectly carrying out their duties, Invest-Gate reports.

Saudi Fund for Development Pledges Resumption of Infrastructure Projects in Egypt

The Saudi Fund for Development (SFD) is pledging full commitment to resuming its infrastructure projects in Egypt, Invest-Gate reports.

AIIB To Fund Egypt’s Basic Infrastructure

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operations, including Egypt, Invest-Gate reports.

Areas in New Cairo, 6th of October City, Obour to be Developed

New developments will be constructed in 6th of October City, New Cairo, and Obour City located on the outskirts of the capital, Invest-Gate reports.

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