News / Investment

Egypt, Russia to Sign Deal for USD 7 bn Industrial Zone

Egypt and Russia are set to ink an intergovernmental agreement on Wednesday, May 23, to establish an industrial zone in the East Port Said region, aiming to attract USD 7 bn worth of investments

IMF, Egypt Reach Staff-Level Agreement on Next Loan Disbursement

The International Monetary Fund (IMF) staff team and the Egyptian officials have reached a staff-level agreement on the third review of Egypt’s economic reform program

EFG Hermes Unveils USD 300 mn Education Platform in Egypt

Egyptian investment bank EFG Hermes has entered into an exclusive partnership agreement with Global Education Management Systems (GEMS Education) to jointly establish an investment platform worth USD 300 mn, targeting the basic education sector in Egypt

Air Arabia Launches Direct Flights (Alexandria – Milan)

Air Arabia has launched their direct flights between Alexandria, Egypt and Milan, Italy on May 8

CED In Charge of Projects at Administrative Capital, Al Alamein, New Mansoura

With the presence of Minister of Housing, Utilities, and Urban Development Mostafa Madbouly, New Urban Communities Authority (NUCA) acquires City Edge Developments (CED) to manage the development and marketing of projects at the Administrative Capital, Alamein, and New Mansoura

A.A. Al Moosa Enterprises Reveals Three New Projects Set to Open by Q1 2019

Dubai-based A.A. Al Moosa Enterprises has revealed three new projects, Hilton The Palm, TAJ Exotica Resort & Spa and Marriott the Palm, which are set to open during the first quarter of 2019

Tatweer Misr to Invest EGP 52 bn in Three Projects by 2027

Tatweer Misr, a leading Egyptian real estate company, is planning to invest EGP 52 bn in three mega projects: Il Monte Galala in Ain Sokhna, Fouka Bay in North Coast and Blue Villas in Mostakbal City by 2027

Egypt’s Residential Prices and Retail Rents Hike in Q1 of 2018: JLL Report

Prices have continued to increase across the residential and retail sectors in the first quarter (Q1) of 2018, according to Cairo Real Estate Market Q1 2018 report by Jones Lang LaSalle (JLL), Zawya reports

Travco to Establish a New Steigenberger-run hotel in Sheikh Zayed

Travco Travel Company, a destination management company in Egypt, has signed a 50-50% partnership contact with German investors to establish a new 300-room hotel in Sheikh Zayed this year

Al Ahly Capital Negotiates to Establish an Industrial Zone in 6th of October City

Al Ahly Capital Holding Company, the investment arm of the National Bank of Egypt (NBE), is talking with three developers to establish an industrial zone in Abu Rawash in 6th of October City

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