News / Investment

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.

Lazard to Promote Egypt’s Investment Opportunities Worldwide

Ministry of Investment and International Cooperation has inked an agreement with financial advisory firm Lazard to promote investment opportunities in Egypt worldwide, on the sidelines of the World Economic Forum Annual Meeting 2019 in Davos, Switzerland, and in the attendance of Egypt's Prime Minister Mostafa Madbouly.

France’s Vicat to Pump EUR 50 mn in Sinai Cement

French cement manufacturer Vicat Group has announced plans to invest up to EUR 50 mn in its Egyptian subsidiary Sinai Cement Company.

Egypt, DLD Sign Cooperation Protocol to Promote Real Estate Investment

The Real Estate Development Chamber at Federation of Egyptian Industries (FEI) has signed a cooperation protocol with Dubai Land Department (DLD) on the sidelines of International Property Show (IPS) Egypt, to promote mutual real estate investments among developers in both countries.

UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018

The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.

OIH’s Subsidiary to Continue Operating in North Korea

Orascom Investment Holding (OIH) has sought an exemption from the Security Council to operate its subsidiary Koryolink venture in North Korea, which excludes it from a ban on foreign investment in the country.

ALDAU Development Pumps EGP 3 bn in Hurghada

Egypt’s hospitality and property developer ALDAU Development, member of Sami Saad Holding, has unveiled its plans to invest EGP 3 bn in its projects in Red Sea's Hurghada, while aiming to set up a new hotel and condominium complex in 6th of October City, west Cairo, during the forthcoming period.

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