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SECON to Start Implementing New Project in NAC by H2 2019: CEO

Saudi Egyptian Construction Company (SECON) has announced plans to start implementing a new residential project named Bleu Vert in the New Administrative Capital (NAC) during the second half of 2019.

EFG Hermes Leasing, HSBC Egypt Team Up to Finance SMEs’ Capital Expansions

EFG Hermes Leasing, a subsidiary of Egypt's investment bank EFG Hermes, has signed a cooperation agreement with HSBC Bank Egypt to provide small- and medium-sized enterprises’ (SMEs) with EGP 400 mn in leasing and financing services throughout 2019.

ODE Sells Stakes in Makadi to Reduce Debt Balance

Orascom Development Egypt (ODE) has finalized the sale of its stakes in two hotels and a land plot in its Makadi destination on the Red Sea coast, attempting to reduce its debt balance

One of World’s Biggest Mosques to be Opened in NAC Early 2019

State-run Administrative Capital for Urban Development (ACUD), the master developer of the New Administrative Capital (NAC), has announced its plans to inaugurate one of the world's biggest mosques in the new city by early 2019

Akhbar Al Youm Holds Fifth Economic Conference

Akhbar Al Youm held its fifth economic conference on December 22-23, under the auspices of President Abdel-Fattah El-Sisi.

Egypt, Germany Sign Cooperation Agreements Worth EUR 150.5 mn

Egypt and Germany signed on December 23 two agreements worth EUR 150.5 mn for the technical and financial cooperation between the two countries

Invest-Gate to Hold 3rd Roundtable on January 30

Building on its successes in the real estate market, Invest-Gate announced its plan to organize its third event entitled "Branded Residences Hotel Apartments Roundtable" on January 30, at the Nile Ritz-Carlton Hotel, Cairo.

GAFI Eyes Establishing 19 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently considering the establishment of 19 new free zones, in some governorates which will contribute towards boosting investor services in Egypt

ALDAU Development Kicks Off First Open Art Exhibition in Hurghada

Egypt's hospitality and property developer ALDAU Development, member of Sami Saad Holding, has opened its newest talent hub and the first walkaway in Hurghada, ALDAU Art Promenade, whereby it aims to become a supporter for innovation, creativity, and local artists.

Sisi Inaugurates Bashayer El-Khair 2 in Alexandria

President Abdel-Fattah El-Sisi inaugurated on December 26 the residential complex "Bashayer El-Khair 2," in Gheit El-Enab region, Alexandria

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