News / Investment

GAFI Tenders 107 Projects in Mit Ghamr Investment Zone

Egypt's General Authority for Investment and Free Zones' (GAFI) board has approved tendering 107 new metallurgy projects in Mit Ghamr Investment Zone, Dakahlia Governorate, providing about 2,000 new job opportunities.

El-Sisi Approves Amendments to New Investment Law

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.

EU to Extend EUR 110 mn Funding for 2020 Egyptian Projects

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.

Qalyubia to Have Specialized Investment Zone

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.

Shuaa Repels Hikes in Property Prices Under Fuel Price Rises

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.

KSA Signs EGP 125 mn Grants to Brace Egyptian SMEs

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).

Abdullah Al-Othaim Introduces 1st Snow City in Egypt

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.

EBRD to Offer USD 200 mn to Finance Green Mall in East Cairo

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.

ITFC Provides USD 1.13 bn Trade Financing to Egypt

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 Expects Changes in Online Buyer Behavior

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.

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