News / Investment

Egypt, Germany Sign USD 146 Mn Deal to Implement Some Projects in Egypt

Egypt and Germany signed a protocol of economic cooperation worth EUR 129 mn, comprising the implementation of projects over the next four years, while announcing intentions for a new Egyptian-German initiative for the training of vocational and technical education

Free Zones’ Exports Up USD 1.1 bn in Three Quarters of 2018: Minister

The Egyptian free zones affiliated to the General Authority for Investment and Free Zones (GAFI) recorded USD 14.7 bn in exports during the first nine months of 2018, an increase of USD 1.1 bn compared to the year-ago period

LuLu Group Mulls Investing USD 500 mn in Egyptian Expansion

UAE-based retail company Lulu Group is eyeing to invest USD 500 mn in building four new hypermarkets across distinct cities in Egypt over the next two years

Dubai Property Deals Hit AED 162 bn in 9 Months: DLD

Dubai’s real estate market logged 39,802 transactions worth AED 162 bn during the period from January to September 2018, reflecting a continuous growth driven by optimism among investors and developers

French Investments in Egypt Amount to EUR 4.5 bn: Minister

Minister of Trade and Industry Amr Nassar has confirmed that French investments in Egypt are estimated at EUR 4.5 bn in 473 projects operating in various fields across the country

World Bank Aids Egypt’s Foreign Investments Soar by EGP 14 bn in Renewables

The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private sector, in the field of new and renewable energy

Egypt, Greece, Cyprus Ink Deals for Collaboration in Various Fields

Egypt, Greece, and Cyprus signed on October 10 a number of agreements for the collaboration in the fields of industry, trade, and education

Emaar Launches First Beach Homes at Dubai Creek Harbour

Dubai-based developer Emaar has launched newest residential units -"Breeze"- at the Creek Beach district, a first-of-its-kind urban beach in the heart of Dubai Creek Harbour

Renewables Can Meet 53% of Egypt’s Electricity Needs by 2030: IRENA

Egypt has the potential to generate up to 53% of its electricity from renewable sources by 2030, and thus reduce its energy bill by USD 900 mn annually, based on the latest outlook from the International Renewable Energy Agency (IRENA)

Egypt Targets 25% Growth in Investment Rates by 2022: Minister

Planning Minister Hala El-Saeed said that Egypt targets a 25% growth in investment rates during its medium-term sustainable development plan over the next four years

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