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

City Center Ajman Undergoes USD 175 mn Makeover

• Thursday, 1st February 2018
• by Invest Gate

City Center Ajman is undergoing a renovation to be transformed into a regional mall with an investment of AED 643 mn (USD 175 mn)

Marsa Matrouh to See “Disneyland-Like” Park Worth USD 3.3 bn

• Thursday, 1st February 2018
• by Invest Gate

The first agreement stipulates the establishment of “an integrated entertainment city, similar to Disneyland, across 5,080 acres with total investments of EGP 58.24 bn (USD 3.3 bn)

Egypt Announces USD 120 mn Industrial Zone in Addis Ababa

• Thursday, 1st February 2018
• by Invest Gate

Egyptian Ambassador to Addis Ababa Abu Bakr Hefny has unveiled a number of projects Egypt is implementing in Ethiopia

Egypt’s Parliament Approves Bankruptcy Law

• Wednesday, 31st January 2018
• by Invest Gate

Egypt’s House of Representatives gave its final approval to the new bankruptcy law on Sunday, December 28, in a plenary session attended by Minister of Investment and International Cooperation Sahar Nasr

Egypt Signs Final USD 500 mn Tranche of AfDB Budget Support Loan

• Wednesday, 31st January 2018
• by Invest Gate

Egypt signed the third, and final, USD 500 mn tranche of a USD 1.5 bn budget support loan package from the African Development Bank (AfDB)

Egypt’s Bankruptcy Law Credit Positive for Banks: Moody’s

• Wednesday, 31st January 2018
• by Invest Gate

Egypt’s parliament approved on Sunday a new bankruptcy law in further aims to encourage local and foreign investment in the country