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Phase I of Hurghada Development Plan Done

Egypt's Red Sea resort of Hurghada is witnessing a comprehensive, three-phase development plan, with phase I newly completed as a prelude for agreeing on projects with the highest priority, in a way that will help boost tourism inflows all year round

Egypt Property & Investment Show Concludes 2nd Edition

Egypt Property & Investment Show (EPIS) successfully concluded its second edition over the course of four days, running from August 28 to 31 at Egypt International Exhibition Center (EIEC), east Cairo, endeavoring to boost the country’s real estate sector.

Marseilia Group Celebrates 20th Anniversary with Saber El Rebai

Marseilia Group has celebrated its 20 years of success in a grand entertaining event, where superstar Saber El Rebai took the stage of Marseilia Beach 4 on the North Coast, for a round of echoing melodic songs.

Elsewedy Electric, Toyota to Build 2 Solar Plants in Zambia

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, inked a contract with Toyota Tsusho Corporation on August 28 to jointly design and construct two 50-megawatt photovoltaic power plants in Zambia, attempting to make them the largest ever in Africa

Marakez Gets EGP 1.5 bn Facility for Mall of Katameya

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has obtained an EGP 1.5 bn loan facility from five banks to develop phase I of its latest commercial project in east Cairo, Mall of Katameya.

Gov’t to Issue Booklet on Reconciliation in Building Violations Law

Egypt's housing ministry will soon issue a frequently asked questions (FAQs) booklet for inquiries on "reconciliation in building violations" law, which aims to codify building code infringements and legalize the status of violators' properties

Egypt Plans for New Museum in NAC

Egypt will soon open a new archaeological museum in the New Administrative Capital’s (NAC) cultural district in the upcoming months, adding up to the country’s growing museum collection

MNHD Secures EGP 300 mn Loan for Sarai

Madinet Nasr Housing and Development (MNHD) concluded on August 28 a contract with the Arab African International Bank (AAIB) to obtain an EGP 300 mn short-term loan

Egypt, Japanese Bank Partner to Boost Bilateral Investments

Egypt's General Authority for Investment and Free Zones (GAFI) signed on August 28 a memorandum of understanding (MoU) with MUFG Bank, Japan's largest bank, aiming to set an action plan to boost bilateral investments.

Baron Palace to Reopen Before Year-End

Egypt has finalized 85% of restoration work at Baron Empain Palace in east Cairo's Heliopolis, in preparation for its reopening before year-end, at a total cost of EGP 100 mn.

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