News / Investment

Egypt’s Economy Remain Steady in Emerging Markets: Goldman Sachs

A recent Goldman Sachs report reveals around half of the foreign investments that exited the Egyptian market amid the onset of the COVID-19 crisis has returned, with further inflows projected.

AAIB, SODIC’s Unit Ink EGP 2.57 bn Credit Facility

Sixth of October for Development and Investment Company's (SODIC) subsidiary, Sixth of October Development and Real Estate Projects (SOREL), has signed an EGP 2.57 bn medium-term credit facility with the Arab African International Bank (AAIB).

Egypt Opens Beach Area of Steigenberger Hotel El Lessan

The Holding Company for Tourism and Hotels (HOTAC) has opened the beach area of Steigenberger Hotel El Lessan Ras El Bar, following the completion of comprehensive development, with investments worth EGP 10 mn.

TSFE, Housing Ministry Discuss EGP 30 bn National Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and The Sovereign Fund of Egypt (TSFE) Chairperson Hala El Saeed have discussed means of cooperation in several national developments, at a combined cost of EGP 30 bn.

SCZone Attracts USD 15 bn Investments in 5 Yrs: Official

The Suez Canal Economic Zone (SCZone) attracted about USD 15 bn (EGP 236.84 bn) worth of investments over the past five years, thanks to the establishment of over 220 companies in the various vital fields of Egypt.

365 Ecology Unveils New Subsidiaries in Egypt’s Property Sector

Egyptian engineering integrator 365 Ecology has announced the launch of two new subsidiaries, called "ECO IFM" and "ECO FLS," in a bid to serve the positive growth of local real estate and construction sectors, and go beyond the traditional realms of technical solutions.

TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.

Tanta Logistics Zone Attracts EGP 6 bn Investments

Tanta logistics zone is being developed with investments worth EGP 6 bn, which is the largest of its kind for spreading over 83 acres and serving 42 mn people, thanks to its location in the middle of the Nile Delta.

Official Visits New Sphinx’s HyperOne Before Opening

Head of New Sphinx Development Authority Khaled Sorour has paid a visit to HyperOne's newest branch in west Cairo's New Sphinx to keep abreast of the latest preparations for the official inauguration, which is set to make way for further investments in the new city.

MNHD Approves Odin’s Due Diligence on El Nasr Civil Works

Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.

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