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SODIC Awards Over EGP 1.2 bn Tenders for SODIC East in 2 Yrs

Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.

Phase III of National Roads Project Underway at EGP 35 bn

Egypt is implementing phase III of the National Roads Project, at a cost of EGP 35 bn, including 17 projects with a total length of 1,300 kilometers.

Invest-Gate’s DigitalWeek Outlines Versatile Blockchain Capabilities in Real Estate

In a bid to make the blockchain technology gain traction in Egypt's real estate market, day three of Invest-Gate's #DigitalWeek on July 21 explored the extent to which this digital solution is widely touted as the next technological advancement, with huge potential to disrupt the brick-and-mortar industry and its related subsectors.

Tahya Misr Fund Spends EGP 1 bn on Al Asmarat Project

Egypt’s Tahya Misr Fund has contributed EGP 1 bn to the development of the social housing project on Mokattam Hills, or "Al Asmarat," which comes to provide decent homes for more than 80,000 slum dwellers.

Egypt Secures USD 3.9 bn Finance From Afreximbank

The African Export-Import Bank (Afreximbank) has earmarked USD 3.9 bn (EGP 62.3 bn) for Egypt to mitigate COVID-19 fallout and stimulate trade with the rest of the continent.

EIB Nods EUR 1.9 bn Loan for Egypt’s Public Transport, SMEs

The European Investment Bank (EIB) has agreed to provide EUR 1.9 bn (EGP 34.7 bn) in financing to support the development of Egypt's public transportation and back investment by COVID-hit companies, namely small- and medium-sized enterprises (SMEs).

ODH’s El Gouna Sees 27.4% Hike in Q2 2020 Sales

Demand for Orascom Development Holding'S (ODH) El Gouna remained strong in Q2 2020, marking a 27.4% rise in total sold and reserved units versus the year-ago period, with total sales and presales hitting EGP 924.58 mn.

Invest-Gate’s DigitalWeek Probes AI & VR Scope to Reshape Real Estate Game

With the future of digital real estate remaining at the heart of panel discussions, day two of Invest-Gate's #DigitalWeek ended on a high note, with experts from all around the world casting light on how Artificial intelligence (AI) and Virtual Reality (VR) can be “powerful tools” to invest in property.

Complex Legalities Hurdle Private Healthcare Investments: Experts

Legislative complexities stand as one of the major hurdles for Egypt's healthcare sector, investors and industry players revealed in a third webinar hosted on July 19 by the British Egyptian Business Association (BEBA).

Invest-Gate’s DigitalWeek Digs Deep Into Digital Business Development

Invest-Gate's first-ever #DigitalWeek kicked off on July 19, coming for local and foreign real estate and technology experts to share their knowledge and exchange expertise, thereby laying out the ins-and-outs of the local property landscape as digital innovation becomes the market’s new hot trend.

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