News / Investment

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

Capital Group Properties to Raise Alburouj Contracts to EGP 6.5 bn

Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, will sign two contracts worth EGP 1.5 bn before end of 2018 to develop Alburouj project in El Shorouk city, bringing the project’s total contracts to nearly EGP 6.5 bn

Radisson Hospitality Group to Invest in 10 New Hotels in Africa

Radisson Hospitality AB, a subsidiary of Radisson Hotel Group, will invest in ten new hotels across Africa, in an attempt to boost its expansion across the continent

Gov’t Allocates EGP 586.6 mn to New Qena in FY2018/19

Egyptian Prime Minister Mostafa Madbouly revealed that EGP 586.6 mn were allocated for the development of Upper Egypt’s New Qena in FY 2018/19

Alshaya Group to Open New Mall in Egypt

Prime Minister Mostafa Madbouly held a meeting with Alshaya Group's Executive Chairman Mohammed Abdul Aziz Alshaya to discuss further investment opportunities in Egypt

Gov’t to Invest EGP 2.4 bn in Obour City in FY2018/19

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has revealed that the budget allocated for Obour City is estimated at EGP 2.4 bn in the FY 2018/19

Dubai’s Jumeirah Group Launches Luxury Hotel in China

Dubai-based hospitality company Jumeirah Group announced the launch of its newest top-notch hotel Jumeirah Nanjing in the capital of China’s eastern province of Jiangsu, capturing Nanjing’s blend of traditional and cosmopolitan style

Investments in New Assiut Reach Over EGP 4 bn

New Assiut City has witnessed investments worth EGP 4.1 bn so far, while a total of EGP 247 mn has been allocated for the city in FY2018/19 budget

Egypt Named Country of Honor at Cityscape Global 2018

Egypt has been named the country of honor at the 2018 edition of Cityscape Global, which will take place at the Dubai World Trade Center from October 2 to 4

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