News / Investment

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

Investments in Free Zones Reached USD 26 bn by End-July: Minister

Egypt’s Minister of Investment and International Cooperation Sahar Nasr said that the total investments to the free zones of the General Authority for Investment and Free Zones (GAFI) reached USD 26 bn in July, with the projects' capital standing at USD 11.3 bn, including USD 2.1 bn of foreign direct investments (FDIs)

Net Foreign Reserves Increase to USD 44.4 bn in August: CBE

Net foreign reserves at the Central Bank of Egypt (CBE) increased to USD 44.42 bn at the end of August, an increase of USD 104.3 bn versus USD 44.315 bn at the end of July

Gov’t to Invest EGP 275 bn in Sinai Until 2022: Planning Minister

Egypt’s Planning Minister Hala El-Saeed said on Tuesday, August 28, that the state has allocated nearly EGP 275 bn for the development of the Sinai Peninsula until 2022

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