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.
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.
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.
Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventually lead to a slowdown in sales.
Egypt's Minister of Investment and International Cooperation Sahar Nasr has inked three EGP 125 mn grants with the Saudi Fund for Development (SDF), in a bid to boost financial leasing for small- and medium-sized enterprises (SMEs).
KSA-based Abdullah Al-Othaim Leisure and Tourism Company has introduced its very first snow city concept at City Stars Mall, east Cairo, with investments estimated at EGP 500 mn, allowing visitors to "live-in" a snow milieu all-year-round.
The European Bank for Reconstruction and Development (EBRD) plans to provide USD 200 mn loan to finance building a green shopping and entertainment mall, City Center Almaza, in east Cairo.
The International Islamic Trade Finance Corporation (ITFC) celebrated on July 1 the successful implementation of USD 1.13 bn of trade financing in favor of Egypt.
Property Finder, a real estate digital marketing platform, announced a number of expected variables that will drive more users of electronic platforms, who buy residential units, stimulating their dealings and purchasing preferences.
Egypt is expected to net as much as USD 9.1 bn worth of investments as part of the White House's USD 50 bn Middle East economic plan, which calls for the development of a global investment fund to uplift the Palestinian and neighboring Arab state economies.
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