News / Investment

Nasr Holds Meetings with Lebanese Investors

Minister of Investment and International Cooperation Sahar Nasr met on February 24 with a group of Lebanese as well as Egyptian investors participating in the third Egyptian-Lebanese Businessmen Forum, Invest-Gate reports.

Numerous Projects Tendered in 3 New Cities

Over 4,300 residential units in New Badr, a commercial-administrative market in New Burj Al-Arab and electronic traffic posts in New Sadat were tendered on February 22, Invest-Gate reports.

Egyptian-Turkish Business Forum Gathers Over 100 Investors

The Egyptian-Turkish Businessmen Association (ETBA) held a forum on February 18 to discuss the potential for bilateral economic, commercial, and investment collaboration, Invest-Gate reports.

Banks Collect USD 12.3 bn Since EGP Float

Egyptian Banks have to collect FX inflows amounting to a USD 12.3 bn since the float of the local currency, according to an unnamed Central Bank of Egypt source, Invest-Gate reports.

Polish Investments to Prevail in SCZone

A Polish industrial zone will be implemented in the Suez Canal Economic Zone (SCZone) in an effort to establish a mixed society within the industrial zone and attract more Polish investments, Invest-Gate reports.

Ministry of Investment, Military Production Discuss Joint Project, Beni Suef

The Ministry of Investment is to promote Beni Suef’s investments zone, which encompasses 69,000 acres, Invest-Gate reports.

AfDB Grants Egypt EGP 10 mn for Social Housing

Minister of International Cooperation Sahar Nasr and Resident Representative of the African Development Bank (AfDB) Leila Mokaddem signed an EGP 10 mn granton February 12 to finance the Slums Development Fund, Invest-Gate reports.

EBRD Releases Its First Country Strategy For Egypt

The European Bank for Reconstruction and Development (EBRD) released its first country strategy after taking the Board of Directors’ approval on February 8, Invest-Gate reports.

Investors Request to Build 45 Factories in Luxor

A number of investors have applied for the establishment of 45 factories in Al-Boghdady industrial zone in Luxor, MENA reports.

GAFI: Over 1400 Companies Established with EGP 2.6 bn Capital

A total of 1445 companies have been established with a total capital of EGP 2.6 bn in January 2017 alone, Invest-Gate reports.

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