News / Investment

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.

EBRD Approves USD 12 mn Loan for Hyatt Regency Cairo West

The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in west Cairo's Pyramids Heights Business Park.

Carrefour Unveils New Stores to Expand Footprint in Egypt

Carrefour has opened its 53rd branch in Egypt, further anchoring its commitment to supporting the growth and development of the local community by offering various choices of quality products at affordable prices.

EBRD to Back NUCA Bond Program with Another EGP 1.5 bn

The European Bank for Reconstruction and Development (EBRD) will back the New Urban Communities Authority’s (NUCA) latest EGP 10 bn securitized bond issuance with EGP 1.5 bn investment.

GAFI Approves 30 New Projects for CPC Egypt

The General Authority for Investment and Free Zones (GAFI) has nodded the development of 30 new projects in the investment zone of CPC Egypt for Industrial Development, located in 6th of October City.

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