News / Investment

Savills Expands in Egypt with One Zamalek

Savills, a UK-based real estate adviser, announced on February 20 the launch of its premier residential project that it is managing in Cairo, One Zamalek, aiming to set new benchmarks for quality property management.

Carrefour Reduces Carbon Footprint With Schneider Electric Services

Schneider Electric has revealed the deployment of its EcoStruxure Facility Advisor solution across 19 Carrefour stores in Egypt operated by Majid Al Futtaim

MasterCard Eyes Making NAC 1st Egyptian Cashless City

MasterCard is looking to collaborate with the Ministry of Communications and Information Technology to develop advanced digital payments infrastructure across various governorates in Egypt, aiming to make the New Administrative Capital (NAC) the first cashless city in the country.

Moody’s Maintains Positive Outlook on Egypt’s Banks

International credit rating agency Moody’s Investors Service has maintained its positive outlook for Egypt’s banking sector, on the back of the country's improving operating conditions.

Green Town Achieves EGP 186 mn Sales for Developers in 2018

Egypt's Green Town Real Estate and Development has achieved sales worth EGP 186 mn in 2018 for a number of Egypt-based real estate projects being implemented by distinct developers.

Egypt’s Tourism Industry to Upturn in 2019

Colliers International MENA Hotel Forecast for 2019 has uncovered that Egypt's tourism industry will witness a boom this year, forecasting the Red Sea resorts of Hurghada and Sharm El Sheikh to become tourist hot spots in 2019, with anticipated growths of 13% and 12%, respectively, in revenue per available room (RevPAR).

RE/MAX Unveils New Corporate to Expand Egypt’s Real Estate Exports

Egypt's real estate marketing franchise RE/MAX has successfully launched RE/MAX Corporate, which aims at expanding the real estate exports market and initially targets achieving 6% of the company's total sales in 2019 from the same market.

German Investments in Egypt Exceed USD 7 bn

German Federal Minister for Economic Affairs and Energy Peter Altmaier has revealed that German investments in Egypt have recorded USD 7.1 bn.

UAE’s Aster to Invest USD 68.1 mn in GCC

UAE-based Aster DM Healthcare, a major private sector healthcare company, plans to invest USD 68.1 mn in new projects across the Gulf region, however, suspending entering the Egyptian market due to fears over the fluctuation of the EGP and "the ability to freely move foreign currency out of the country."

EU Allocates EUR 3.1 mn to Transform Egyptian Museum of Cairo

The European Union (EU) has launched a three-year project valued at EUR 3.1 mn for the transformation of the Egyptian Museum of Cairo (EMC), west Cairo, as part of EU's efforts and continuous process of building a sense of community and strengthening the civil society.

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