The Egyptian Ministry of Investment and International Cooperation and the US Agency for International Development (USAID) inked on December 16 a USD 6 mn (EGP 96.3 mn) funding deal for phase II of the North Sinai development initiative.
The UAE International Investors Council (UAEIIC) plans to double the country's investments in Egypt to USD 14 bn (EGP 225.67 bn) over the next five years, in light of the country's promising investment climate.
Chairman of Saudi Masa Alameriah Group Bandar Alameri said his company will invest EGP 15 bn in New Alamein
Al Waleed Investment Group has opened the 114-key Lemon Tree Dubai Hotel, after earlier partnering with India-based Lemon Tree International to break the latter's brand into the UAE hospitality industry.
The European Bank for Reconstruction and Development (EBRD) is committed to increasing its investments in Egypt, pumping about EUR 5.3 bn (EGP 95 bn) through the development of 99 domestic projects.
DP World Sokhna has inked a trilateral partnership with the China State Construction Engineering Corporation (CSCEC) and the China Ocean Shipping Company (COSCO) to become the main import terminal of Egypt’s New Administrative Capital (NAC).
Marriott International is set to expand further into Egypt with its plans to introduce four more hotels in the North African country in the next five years.
Minister of Investment and International Cooperation Sahar Nasr officially inaugurated on December 5 Majid Al Futtaim's "City Centre Almaza," which is developed with investments amounted to USD 580 mn (EGP 9.35 bn)
Billionaire business tycoon Samih Sawiris, through his Raiffeisen Touristik (RT) Group, has acquired the German travel agency franchise system of Thomas Cook, after the latter reported a major drop in sales and went bankrupt in late September.
Orascom Investment Holding (OIH) turned to losses to incur EGP 92.4 mn in the first nine months of 2019, despite posting profits of EGP 1.07 bn during the same period, including minority rights.
Page 133 of 179
Get all latest content delivered to your email a few times a month.
Welcome! Login in to your account
Don't have account. Register
Back to Login