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Eight Egyptian Companies Win French-Egyptian Startup-Competition

Eight Egyptian startups win the French-Egyptian Startup Competition, under the auspices of Schneider Electric among other 14 French institutions operating in Egypt, out of more than 150 finalists, Invest-Gate reports.

MAVEN Developments Partners With AXA Insurance

MAVEN Developments partners with AXA Insurance Egypt for insurance to cover innovative insurance services for owners of Baymount project in Galala Ain Sokhna, Invest-Gate reports.

Concept Developments Launches SENET in New Administrative Capital with EGP 200 mn

Chairman of Concept Developments Ihab Abul-Magd unveils the company's new project in the New Administrative Capital, “SENET”, with total investment of EGP 200 mn, Invest-Gate reports.

Vantage Developments Finalizes 60% of Century City with EGP 1.25 bn

Vantage Developments finalizes 60% of New Cairo's Century City with investments worth EGP 1.25 bn, and delivery begins in 2023, Invest-Gate reports.

Elsewedy Electric & Kuwait Sign Energy Infrastructure Contract

Elsewedy Electric for Transmission & Distribution of Energy signs a new contract with the Kuwaiti Ministry of Electricity and Water, to supply and install overhead transmission lines with a value of KD 16.1 mn to connect Boubyan's main distribution substation, Invest-Gate reports.

Al-Sharif Holding Group Signs a Contract with the National Bank of Egypt

Al-Sharif Holding Group signs a long-term financing contract with the National Bank of Egypt to contribute to the investment cost of the Shepherd Hotel development project with a value estimated at EGP 1.4 bn, as the loan amounted to EGP 978.2 mn with an interest of 8% and a grace period of three years, Invest-Gate reports.

Prime Minister Reviews New Construction Requirements

Prime Minister Mostafa Madbouly holds a meeting to review the new construction requirements with members of the local Administration and Housing Committees, Invest-Gate reports.

Babylon Announces New Agreements for Senator and Heritage

Babylon Urban Development Company announces the partnership with the largest consulting and engineering offices to supervise the implementation of Senator and Heritage projects in the New Administrative Capital, with a targeted sales value of EGP 500 mn, Invest-Gate reports.

Al Ahly Sabbour & Eltizam Group Launch JVs Worth EGP 2 bn

Egypt's leading real estate developers Al Ahly Sabbour and UAE industry giants Eltizam Asset Management Group launch two joint ventures (JVs) “Tafawuq Egypt” and “Three60 Egypt” with a combined value of EGP 2 bn, Invest-Gate, reports.

Cairo Festival City Mall Begins EGP 200 mn Renovation

Cairo Festival City Mall reveals its latest plans for the mall’s refurbishment and expansion with an additional EGP 200 mn of investments complimenting the dynamic developments and new renovations in the mall. This is part of the modernization plans announced earlier in 2019, with a total investment of EGP 2 bn, Invest-Gate reports.

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