Egypt’s Trade Deficit Down by 11% in January

• Tuesday, 6th March 2018
• by Invest Gate

Exports have increased by 16% while imports fell by 4%

Egypt Allocates 1,000 Square Kilometers in South Sinai to Saudi’s NEOM

• Tuesday, 6th March 2018
• by Invest Gate

Egypt has allocated more than 1,000 square kilometers of land along the Red Sea in South Sinai to NEOM, a mega-city and business zone announced by Saudi Crown Prince Mohammed bin Salman at an international investment conference in Riyadh last October

SCZone, DP World Ink Deal for Industrial, Residential Zone in Sokhna  

• Sunday, 4th March 2018
• by Invest Gate

The Suez Canal Authority and the Suez Canal Economic Zone (SCZone) signed an agreement with global trade enabler DP World for the first phase of development of an integrated industrial and residential zone in Sokhna

Egypt Welcomes Largest British Trade Delegation in Two Decades

• Thursday, 15th February 2018
• by Invest Gate

Egypt has received the largest British trade delegation to Egypt in nearly two decades for a five-day visit, concentrating on oil, gas, transportation, education, infrastructure, and health

Investments Increase by 20.8% in January 2018

• Tuesday, 13th February 2018
• by Invest Gate

Investments have increased by 20.8% to reach EGP 5.2 bn last month in Egypt

Egypt’s Annual Inflation Rate Continues to Drop in January

• Sunday, 11th February 2018
• by Invest Gate

Egypt’s annual inflation fell to 17.1% in January from 21.9% in December, achieving its lowest levels since the floatation of the Egyptian pound in November 2016

Agreement For Russian Industrial Zone in Egypt To Be Signed in March

• Thursday, 8th February 2018
• by Invest Gate

Mamish revealed further details on the RIZ, announcing that it will be built on an area of 5.25 sqm, with a total of USD 6.9 bn worth of Russian investments. The RIZ will be implemented in three phases over 13 years, starting 2018. It aims at generating nearly 35,000 direct and indirect jobs.

Egypt to Set Up Industrial Complex Worth EGP 1.5 bn at ScZone

• Wednesday, 7th February 2018
• by Invest Gate

Set to span over an area of 1 mn sqm, the complex will house 1,050 factories. Each factory will be equipped with machinery, and built on an area of 300 sqm

Egypt Foreign Currency Inflows Up to USD 5.6 bn in January – CBE

• Tuesday, 6th February 2018
• by Invest Gate

The country’s foreign reserves reached USD 38.209 bn at the end of January 2018, compared to USD 37.019 bn at the end of December 2017

Now is the Best Time to Invest in Egypt – Sawiris

• Tuesday, 6th February 2018
• by Invest Gate