Draft for New Investment Law Executive Regulations Approved

• Tuesday, 8th August 2017
• by Menna A. Farouk

Egypt's economic group approves the draft of the new Investment Law executive regulations, a much-anticipated decision by both local and foreign investors, Invest-gate reports. 

Egypt, EBRD to Sign Private Sector Funding Deal Worth USD 60 mn Next Week

• Monday, 7th August 2017
• by Menna A. Farouk

Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a USD 60 mn agreement next week to finance private projects, Invest-Gate reports.

“West of Egypt” to Host A Billion Dollar Amusement Park 

• Monday, 7th August 2017
• by Menna A. Farouk

As part of the just-launched "West of Egypt" national developmental project along Egypt's western desert and northern shores, an international amusement park similar to that of Disneyland is to be established in Marsa Matrouh at total investments of USD 2.5 bn, Invest-Gate reports.

SCZone Attracts Ventures Worth Billion Pounds

• Sunday, 6th August 2017
• by Menna A. Farouk

Six investors are to develop industrial projects across the Suez Canal Zone (SCZone), including Orientals Company for Industrial Projects, Sokhna Refinery and Petrochemicals Company, Egyptian Chinese Company, and Egyptian Steel, Invest-Gate reports.

World Bank to Invest in World’s Largest Solar Photovoltaic Park in Egypt

• Tuesday, 1st August 2017
• by Menna A. Farouk

The BoD of IFC, a member of the World Bank Group, gives a nod to new investments in the power sector in Egypt, Invest-Gate reports.

Afreximbank, Egypt’s Arab Contractors Sign USD 200 mn Facility Deal

• Monday, 31st July 2017
• by Menna A. Farouk

Egyptian construction firm Arab Contractors (AC) is signing a USD 200 mn credit facility agreement with the African Export-Import Bank (Afreximbank), Reuters reports.

Egypt Seeks EGP 30 bn Investments in SCZone

• Tuesday, 25th July 2017
• by Menna A. Farouk

Egypt is eying investments worth EGP 30 bn in the Suez Canal Economic Zone in the forthcoming five years, Invest-Gate reports.

Fitch: Egypt’s Budget, Fuel Subsidies Cut Show Fiscal Commitment

• Monday, 24th July 2017
• by Yasmin El-Beih

Fitch Ratings states Egypt’s new budget, alongside lower electricity and fuel subsidies demonstrate continued commitment to fiscal consolidation and economic reform, backed by the country's IMF program, Invest-Gate reports.

ADFD Finances Projects Worth USD 1.08 bn in Egypt

• Monday, 24th July 2017
• by Yasmin El-Beih

The Abu Dhabi Fund for Development (ADFD) has provided Egypt with grants and concessionary loans worth AED 4 bn (USD 1.08 bn) to carry out 64 development projects in the country, Invest-Gate reports.

Cairo Hosts Smart City Dubai Challenge Saturday

• Thursday, 20th July 2017
• by Menna A. Farouk

Cairo will host Startupbootcamp, one of the global entrepreneurial competitions, next Saturday to select the best Egyptian tech-enabled startups helping build communities based on the 'smart cities' concept, Invest-Gate reports.