News / Investment

Egyptian Mortgage Federation Launches New Program

Nagui Fahmy, chairman of the Egyptian Mortgage Federation (EMF) launched the Accredited Mortgage Program (AMP), set to take place on November 2, demonstrated the efforts exerted towards improving the mortgage finance climate in Egypt

UK to Promote Investment in Egypt with GBP 13 mn

British Secretary of State for the Middle East and North Africa Andrew Morrison said the UK will provide Egypt with GBP 13 mn (EGP 264.04 mn) through the World Bank (WB) to support local investments.

Egypt, Japanese Bank Partner to Boost Bilateral Investments

Egypt's General Authority for Investment and Free Zones (GAFI) signed on August 28 a memorandum of understanding (MoU) with MUFG Bank, Japan's largest bank, aiming to set an action plan to boost bilateral investments.

Egypt’s Free Zone Exports Hit USD 10.1 bn in 6M

Egyptian free zones, operating with roughly 1,090 projects, logged exports worth USD 10.1 bn (EGP 167.4 bn) during the first six months of 2019, coming with a capital of USD 12.1 bn (EGP 200.4 bn) and foreign direct investments (FDIs) of USD 2.1 bn (EGP 34.8 bn).

Mubadala, Nirvana Partner to Brace Abu Dhabi’s Medical Tourism

Mubadala Investment Company's healthcare arm, Mubadala Healthcare, inked a memorandum of understanding (MoU) with Nirvana Travel and Tourism to team up on projects that brace Abu Dhabi Vision 2030 by setting the emirate as the foremost medical tourism spot.

Egypt Gets USD 252 mn Funding for Red Sea’s West Bakr Wind

The European Bank for Reconstruction and Development (EBRD) will extend USD 252 mn in funding to the 250-megawatt West Bakr Wind in Egypt’s Red Sea Governorate, aiming to bolster the production of clean energy, lower generation costs, and diversify the country’s energy mix.

GAFI Tenders 107 Projects in Mit Ghamr Investment Zone

Egypt's General Authority for Investment and Free Zones' (GAFI) board has approved tendering 107 new metallurgy projects in Mit Ghamr Investment Zone, Dakahlia Governorate, providing about 2,000 new job opportunities.

El-Sisi Approves Amendments to New Investment Law

President Abdel-Fattah El-Sisi ratified on August 5 amendments to several provisions of ​Egypt's New Investment Law, promulgated by Law No. 72 of 2017.

EU to Extend EUR 110 mn Funding for 2020 Egyptian Projects

The European Union (EU) is to allocate an approximate amount of EUR 110 mn to finance Egyptian projects in various sectors within the upcoming period, coming as part of the EUR 500 mn Single Support Framework (SSF) 2017-2020.

Qalyubia to Have Specialized Investment Zone

Prime Minister Mostafa Madbouly issued a decision on July 22 to establish a specialized investment area, covering 15,029 square meters in the Delta city of Benha, Qalyubia Governorate.

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