News / Investment

UAE’s Al Habtoor Preps for New Office in Cairo

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

Egypt’s Startup Scene Attracts USD 130 mn: Experts

Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with USD 130 mn (EGP 2.05 bn) worth of investments.

Egypt’s Green Projects Stand at USD 1.9 bn: Minister

Finance Minister Mohamed Maait has confirmed that the country's eligible green projects amount to USD 1.9 bn (EGP 29.91 bn), which reflects the state's efforts to achieve the goals of its sustainable development strategy, or Egypt Vision 2030.

Master Group Sets Up New Property Investment Firm in UK

Egypt-based Master Group has announced setting up a new real estate development and investment company in the United Kingdom, in a bid to reach out to more property investors and create additional investment opportunities overseas.

Musharaka REIT Buys Dubai’s DMCC Plot for USD 12.6 mn

Saudi-based Musharaka REIT has purchased a 5,400-square-meter land plot in Jumeirah Lakes Towers from Dubai Multi Commodities Center (DMCC), at a total cost of USD 12.6 mn.

CBE Attracts More Than EGP 21 bn From T-Bills

The Central Bank of Egypt (CBE) has successfully secured more than EGP 21 bn in investments from the EGP treasury bills (T-Bills).

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.

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