News / Investment

Old Cairo’s Bab Al-Azab Revamp to Get Underway

The Sovereign Fund of Egypt (SFE) has signed an agreement with the Supreme Council of Antiquities (SCA) to kick off plans to develop and operate Old Cairo's Bab Al-Azab landmark into a tourist area, in partnership with private investors.

Egypt to Establish Largest Fibre Optic Factory in MENA

State-run Arab Organization for Industrialization (AOI) and Benya Capital, a telecom and technology solutions provider, have joined forces to establish the largest fiber optic cable factory in Egypt and MENA, with a total investment of more than EGP 1 bn, at the Suez Canal Economic Zone (SCZone).

GAFI Nods to 103 Projects in City Centre Almaza’s Free Zone

Mohamed Abdel Wahab, executive director of the General Authority for Investment and Free Zones (GAFI), approved a total of 103 projects within the investment zone of City Centre Almaza.

Moody’s Keeps Egypt’s Credit Rating At B2

The credit profile of Egypt rating at B2 is supported by A3 economic strength according to Moody’s report, as reported by Ahram Online.

MIH to Use Medtronic’s Design of Portable Ventilators

The Egyptian Metallurgical Industries Holding Company (MIH) will be using the usage of Medtronic medical device company's design for portable ventilators, the Puritan Bennett (PB) 560

ASG to Invest EGP 1.4 bn For Shepheard Hotel Renovation

Egyptian General Company for Tourism & Hotels (EGOTH) has inked an investment deal worth EGP 1.4 bn with Saudi Al-Sharif Group for Contracting, Trading and Development Holding (ASG) to renovate Shepheard Hotel, Invest-Gate reports.

First Novotel in Alexandria Lands in Orouba Skyline Project

Accor, a world-leading augmented hospitality group, and real estate developer, El Orouba Misr, join forces to launch the first Novotel in its Orouba Skyline compound in Alexandria

Egyptian Property Market Sees Roller Coaster Ride in 2019: JLL

US-based commercial real estate services firm JLL unveiled that the Egyptian market experienced a “roller coaster ride” last year, with a wide range of “booms and busts” being addressed by the government in line with Egypt Vision 2030

Egypt to See Further Branded Residential Schemes: Colliers

Colliers International revealed that Egypt currently has a small number of branded residential schemes, yet further developments are in the pipeline

PM Forms 2 Ministerial Committees to Settle Investment Disputes

Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes.

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