News / Investment

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.

EFG Hermes Leasing, HSBC Egypt Team Up to Finance SMEs’ Capital Expansions

EFG Hermes Leasing, a subsidiary of Egypt's investment bank EFG Hermes, has signed a cooperation agreement with HSBC Bank Egypt to provide small- and medium-sized enterprises’ (SMEs) with EGP 400 mn in leasing and financing services throughout 2019.

GAFI Eyes Establishing 19 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently considering the establishment of 19 new free zones, in some governorates which will contribute towards boosting investor services in Egypt

UAE’s Rotana to Run Five-Star Hotel, Hotel Apartments in Nairobi

Abu Dhabi's hotel group Rotana has signed a hotel management agreement with Mullion Contractors Limited to manage a new five-star hotel and hotel apartments in Nairobi, Kenya’s capital city, attempting to further expand its footprint in the African market

Savills Appoints New Country Head to Lead its Launch in Egypt

International property advisor Savills has kicked off its operations in Egypt and appointed Catesby Langer-Paget as the new head of Egypt, aiming to expand "its regional presence into Egypt at a time where an influx of industry reports is emerging to highlight the great growth potential of the Egyptian real estate market"

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