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.
Egypt’s New Urban Communities Authority (NUCA) has concluded a securitization bond issue worth EGP 4 bn to finance a number of its underway megaprojects cross-country
Hassan Allam Holding (HAH) has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a USD 20 mn loan to support the construction and utility sectors in Egypt.
Nearly 2,050 industrial opportunities are now available on the state's online unified industrial investment map, which was introduced back in September in a bid to promote the sector as one of the key pillars of the national economy.
Egypt and the UAE have agreed to establish a USD 20 bn (EGP 322.6 bn) joint strategic investment platform, funded equally by the state-run Abu Dhabi Development Holding Company (ADDHC) and the Egyptian newly-introduced sovereign wealth fund, Tharaa.
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