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Mauritius Eyes Collaboration With Egypt in Infrastructure Projects

Mauritius' Minister of Public Infrastructure and Land Transport Nandcoomar Bodha stated that his country has projects in the infrastructure sector with investments of nearly USD 2 bn, declaring his desire to cooperate with Egyptian construction companies to implement tunnels, similar to the Suez Canal tunnels, in his country

Palm Hills, AAIB Conclude EGP 316 mn Discounting Transaction

Egypt-based Palm Hills Developments (PHD) and Arab African International Bank (AAIB) have successfully concluded discounting transaction of EGP 316 mn receivables portfolio linked with 181 delivered units at some of PHD's projects in Cairo

Net Foreign Reserves Hit USD 44.45 bn by End of September: CBE

Egypt's net foreign reserves continued its upward trend and surged to USD 44.459 bn at the end of September, compared to USD 44.419 bn a month earlier

Hassan Allam Holding Plans for Dual Listing in Cairo, London

Egypt's construction and engineering company Hassan Allam Holding revealed on October 8 its intention to float up to 44.3% of its shares on the Egyptian Exchange (EGX) and London Stock Exchange (LSE)

Real Mark Launches EGP 750 mn West Mark

Egypt's integrated real estate company Real Mark Developments made its debut by launching its first mixed-use complex in 6th of October City, West Mark, offering "a new line of thought to office and commercial real estate in Egypt," with investments worth EGP 750 mn

NUCA to Qualify Young Investors to Build Middle Housing Units

Tarek El Sebai, Deputy Chairman of New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs, revealed that the authority will qualify young investors and contractors to participate in building middle-housing units on 400 plots

New Residential, Services Lands to be Offered in New Cities

Tarek El Sebai, Deputy Chairman of New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs, revealed that booklets of new 138 mixed-use residential plots and 112 mixed-use services plots were offered on September 25

Egypt Approves USD 1.2 bn Agreement with UNPDF

Egypt's government approved on October 2 an agreement worth USD 1.2 bn with the United Nations Partnership Development Framework (UNPDF), covering the period from 2018 to 2022

World Bank Expects Egypt’s Economy to Grow 5.6% in FY2018/19

The World Bank (WB) expected Egypt’s growth rate to hit 5.6% during FY 2018/19, backed by private consumption, a recovery in the tourism sector, and the operationalization of recently discovered gas fields

Egypt Targets 25% Growth in Investment Rates by 2022: Minister

Planning Minister Hala El-Saeed said that Egypt targets a 25% growth in investment rates during its medium-term sustainable development plan over the next four years

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