News / Egypt

US-China Deal Draws USD 490 mn Foreign Inflows to Egypt

The US-China trade agreement has contributed to the extension of USD 490 mn (EGP 7.85 bn) worth of foreign investments to Egypt in a single day.

Egypt Rolls Out 225 Projects in El Saf Investment Zone

Egypt's Ministry of Investment and International Cooperation has officially rolled out El Saf Investment Zone, Banha, offering a total of 225 fully-finished and serviced projects.

US Commits USD 6 mn in Bilateral Aid to North Sinai

The Egyptian Ministry of Investment and International Cooperation and the US Agency for International Development (USAID) inked on December 16 a USD 6 mn (EGP 96.3 mn) funding deal for phase II of the North Sinai development initiative.

Heliopolis Housing Approves Selling Over 35 Acres to Zahraa Maadi

Heliopolis Company for Housing and Development (HHD) has ratified the selling of 144,816.29 square meters in New Heliopolis, east Cairo, to Zahraa Maadi Investment and Development.

PHD Closes EGP 1.1 bn Loan Facility to Settle Debt

Egypt's property developer Palm Hills Developments (PHD) signed on December 18 a deal with the Commercial International Bank Egypt (CIB) to secure EGP 1.1 bn medium-term loan facility.

«مصر الجديدة للإسكان» توافق على طلب «زهراء المعادي» لشراء قطعة أرض في هليوبوليس الجديدة

صدقت شركة "مصر الجديدة للإسكان والتعمير" على بيع 144,816.29 متر مربع في هليوبوليس الجديدة بشرق القاهرة إلى "زهراء المعادي" للاستثمار والتعمير

Al-Futtaim Breaks Ground on EGP 2 bn Festival Avenue

Al-Futtaim Group has launched the new expansion of Cairo Festival City (CFC) Mall, called "Festival Avenue," in the heart of New Cairo

Sabbour, Marriott Partner to Open W Hotel in New Cairo

Cairo-based real estate developer Landmark Sabbour has signed an agreement with Marriott International to bring the W Brand to east Cairo

CBE Raises Tourism Financing Package to EGP 50 bn

The Central Bank of Egypt (CBE) has announced on December 15 an extensive financing plan to boost the tourism sector with EGP 50 bn instead of EGP 5 bn

Maged Salah Al Din Appointed as ARDIC CEO

ARDIC for Real Estate Development and Investments has appointed Maged Salah Al Din as the new CEO to succeed Ashraf Dowidar

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