WB Team to Visit Egypt Aug 20 for Loan Discussions

• Wednesday, 16th August 2017
• by Menna A. Farouk

A World Bank delegation is to visit Egypt on August 20-24 to reimburse the third tranche of a loan that aims at supporting Egypt's social and economic development program, Invest-Gate reports.

Hilton Worldwide Plans to Expand in Egypt

• Thursday, 10th August 2017
• by Menna A. Farouk

Hilton Worldwide plans to nearly double the number of its hotels in Egypt within the next seven to 10 years as tourism returns to its levels, Reuters reports.

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.