News / Investment

QIA Considers Launching $1bn Renewable Energy Project in SCZone

Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delegation to Doha last month.

SolarizEgypt Invests EGP 97 mn in Solar Power Plant In El Gouna

The solar plant spans over an area of 245,000 sqm, with investments worth EGP 97 mn.

Intelligent Cities Exhibition & Conference’s 8th Round Kicks Off in November

The event is organized by ROOT Technologies and backed by a plethora of companies including Intertech, Barco, ISD, ECOTEL, Rare Distribution, Masterpiece, Circon, Fremco, and ManageEngine

Seqoon Raises $500K in Pre-Seed Funding

The funding was enabled by the bank’s program to support Egyptian fintech startups.

Qatar Investment Authority’s Investment Arm visits Damietta Port

For his part, Ahmed Hawash, Chairman of the Damietta Port Authority, states that the port is taking major steps toward becoming a key commercial and logistics hub in the Middle East.

Hassan Allam Pledges $10 bn Joint Investments in SCZONE with UAE’s Masdar

Allam notes that the company focuses on renewable energy projects, including solar and wind energy and green hydrogen.

El-Sisi Encourages Private Sector to Participate in Black Sand projects

El-Sisi adds that the feasibility studies proved sufficient black sand reserves and global demand for the extracted metals.

The Ark Development Launches Operations in Egyptian Market with EGP 30 bn Investments

The Ark Development launches its operations in the Egyptian real estate sector with up to EGP 30 bn in investments, Invest-Gate reports.

Real Estate Sector Tops EGX with EGP 7.1 bn Turnover in August

The real estate sector tops the trading value of the sectors traded on the Egyptian Exchange in August 2022, with a trading value of EGP 7.1 bn and a trading volume of EGP 4.6 bn shares, Invest-Gate reports.

SCZONE Establishes New Logistics Zone in Sokhna

Walid Gamal El-Din, chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), meets Urs Moll, CEO of DP World - Sokhna, to discuss cooperation means and joint work in the coming period along with the ongoing development work in Sokhna Port, Invest-Gate reports.

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