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Gov’t Presents JV Opportunities in Historic Cairo

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has presented to a group of investors the various joint venture opportunities in Historic Cairo, namely projects being developed by the housing and antiquities ministries.

Egypt Ranks No.1 Investment Destination in Africa: RMB

Egypt has topped the list of most attractive African countries to invest in for the third consecutive year, based on South Africa’s Rand Merchant Bank’s 2020 investment report, due to be published next January

El Gouna’s Hotels Fully Occupied During GFF

Orascom Development Holding (ODH) has announced that occupancy rates of El Gouna’s hotels and residential units hit 100% during the period of El Gouna Film Festival (GFF), to be held from September 19 to 27.

UK to Promote Investment in Egypt with GBP 13 mn

British Secretary of State for the Middle East and North Africa Andrew Morrison said the UK will provide Egypt with GBP 13 mn (EGP 264.04 mn) through the World Bank (WB) to support local investments.

NextMove Egypt Kicks off Mid-October

NextMove Egypt, powered by Cityscape Egypt, will be held from October 17 to 19, planning to offer visitors a slew of exclusive buying incentives from capital-focussed developers and those behind the latest green communities and compounds located in Greater Cairo, Alexandria, and Egypt's north and east coasts.

Egypt Secures EGP 16 mn Belgian Grant for Baron Palace

Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.

SODIC Launches ‘The Estates’ in New Zayed

Sixth of October Development and Investment Company (SODIC) has launched its newest signature project in New Zayed, or “The Estates," debuting a series of new projects to be developed in the newly-introduced area in west Cairo.

EU Funds Egypt’s Development at EGP 19.91 bn Annually: Minister

Egypt’s Minister of Trade and Industry Amr Nassar has revealed that the European Union (EU) is funding development projects in Egypt at an annual coast of EUR 1.1 bn (EGP 19.91 bn).

Egypt Inks Deal for EGP 40 bn Telecom Network in NAC

Egypt has sealed a deal for developing an EGP 40 bn telecommunications network, coming as the first phase of a wider plan to provide smart and security services networks in New Administrative Capital (NAC), east Cairo, covering the new city's Government District only.

New Akhmim Sees 1,632 Housing Units 70% Finalized

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,632 social housing units, within 68 buildings, are 70% completed in New Akhmim, Sohag Governorate, as part of the state's efforts to provide affordable housing to low-income citizens

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