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
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
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"
Egyptian investment bank EFG Hermes has announced that its Egypt Education Fund, focused on the country’s K-12 sector, was oversubscribed with total investments of USD 119 mn in its first close - through its private equity arm - exceeding the initially targeted USD 50-100 mn
Marakez for Real Estate Investment, a subsidiary of Fawaz Al Hokair Group, has signed a long-term agreement with Al-Futtaim Misr for Retail to open a new IKEA store at the Mall of Arabia in West Cairo by 2020
Constructa for Design, Construction, and Project Management launched on December 17 a new service called "Triple S" at The Walk shopping mall, allowing doctors to rent their clinics for EGP 24 per hour and only pay for the hours they use
Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements between the two parties
Chairman of the Administrative Capital for Urban Development (ACUD) Ahmed Zaki Abdeen said that the expected cost of establishing a smart city inside the New Administrative Capital (NAC) stands at EGP 30 bn
Dubai-based property developer Emaar announced on December 11 the launch of its business development operations in China during the Chinese President Xi Jinping's visit to the UAE.
Egypt's investment bank EFG Hermes is planning to expand by adding insurance and mortgage lending to its services after getting regulatory approval, while also seeking to set foot in a new market in Asia or Africa within a year
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