Banking-Insurance Alliance, TMG Launch Egypt Real Estate Investment Fund 1

• Tuesday, 20th December 2022
• by Invest Gate

The first issuance of the fund received EGP 360 mn worth of subscriptions, out of a targeted value of EGP 500 mn, from Egyptian and multinational financial institutions.

Majid Al Futtaim to Invest EGP 400 Mn in Egypt in 2023

• Monday, 19th December 2022
• by Invest Gate

Majid Al Futtaim also unveils a plan to expand its soft discount store, Supeco, and open more Carrefour Gourmet stores in the Egyptian market.

Majid Al Futtaim Opens EGP 100 Mn Mall of Egypt Road

• Monday, 19th December 2022
• by Invest Gate

Egypt pens $83 Bn Framework Agreements for Green Hydrogen, Ammonia Plants

• Wednesday, 16th November 2022
• by Invest Gate

These facilities, collectively, are set to produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year when fully operated.

GV Real Estate Development Pens Agreements for Advanced Tech Solutions

• Tuesday, 15th November 2022
• by Invest Gate

The two agreements were signed on the sidelines of the 27th United Nations Climate Change Conference (COP27), which is held from 6 to 18 November in Sharm El-Sheikh.

Schneider Electric Inks 6 MoUs to Provide Management Solutions for Smart Cities

• Monday, 14th November 2022
• by Invest Gate

The MoUs were signed with Tatweer Misr, Misr Italia Properties, REDCON for Offices and Commercial Centers, PARAGON Real Estate Developments, and GV Developments, on the sidelines of the United Nations Climate Change Conference (COP27).

Mountain View, Alesayi Investment Group Pen Deal to Form JV in Saudi Arabia

• Sunday, 13th November 2022
• by Invest Gate

The JV also aims to promote investments in the sector, inside the Kingdom.

Elsewedy Electric, Deutsche Bahn Initial 15-year Agreement for High-Speed Electric Train

• Thursday, 10th November 2022
• by Invest Gate

“The new high-speed rail network aims to improve traffic safety and curb air pollution, aligning with the Egyptian government’s efforts to develop the sustainable transportation sector and expand environmentally-friendly mass transportation in major cities,” President and CEO of Elsewedy Electric, Ahmed El Sewedy, notes.

ACWA Power Inks deal with NREA, EETC to Build 10GW Wind Power Plant in Egypt

• Saturday, 5th November 2022
• by Invest Gate

The agreement includes allocating lands for measurements and technical studies required for the project, in preparation for negotiating the project’s final contracts.

QIA Considers Launching $1bn Renewable Energy Project in SCZone

• Wednesday, 2nd November 2022
• by Invest Gate

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.