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.
The African Export-Import Bank (Afreximbank) has earmarked USD 3.9 bn (EGP 62.3 bn) for Egypt to mitigate COVID-19 fallout and stimulate trade with the rest of the continent.
The European Investment Bank (EIB) has agreed to provide EUR 1.9 bn (EGP 34.7 bn) in financing to support the development of Egypt's public transportation and back investment by COVID-hit companies, namely small- and medium-sized enterprises (SMEs).
Legislative complexities stand as one of the major hurdles for Egypt's healthcare sector, investors and industry players revealed in a third webinar hosted on July 19 by the British Egyptian Business Association (BEBA).
The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has uncovered that three MENA counties managed to solely move the needle on property investment in 2019, led by Egypt by a significant margin at USD 7.1 bn (EGP 113.7 bn).
Egypt's Administrative Capital for Urban Development (ACUD) and Alliance World Wide Consortium (AWWC) have inked a Memorandum of Understanding (MoU) to develop a fully foreign-funded investment project in the New Administrative Capital (NAC).
Egypt continues to be Africa’s largest recipient of foreign direct investment (FDI) flows in 2019, marking a 10.7% hike, despite the slump in FDI inflows to the entire continent to USD 45 bn (EGP 727.2 bn).
Procter & Gamble (P&G) has announced plans to pump over USD 50 mn (EGP 809 mn) into the Egyptian market by the end of 2021 to expand production capacity.
The European Bank for Reconstruction and Development (EBRD) has granted a USD 200 mn (EGP 3.24 bn) financing package to the National Bank of Egypt (NBE) for trade and on-lending to local Coronavirus-hit companies.
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