News / Egypt

Schneider Electric to Renovate Egypt’s Water, Sewage Stations

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly and Walid Sheta, president of Schneider Electric for North East Africa and Levant Countries have discussed cooperation in the field of renovating potable water and sewage stations

Egypt’s Annual Inflation Rate Continues to Drop in January

Egypt’s annual inflation fell to 17.1% in January from 21.9% in December, achieving its lowest levels since the floatation of the Egyptian pound in November 2016

Gov’t Finalizing 4,900 Units in Al Mahrousa 1, 2

The Ministry of Housing has started the finishing  works on 4,900 units in Al Mahrousa 1 and 2 housing projects in El Nahda City

Hyde Park Developments Named The Official Partner of Arsenal FC

Hyde Park Developments becomes Arsenal Football Club's official partner in Egypt. "We are delighted to announce Hyde Park Developments as our first official partner in Egypt," Arsenal FC announcement reads

Egypt to Set up the First Hydropower Plant in the Region

haker told Daily News Egypt in an interview that the plant will have eight units at a capacity of 300 megawatt each, generating around 2,400 megawatt in total, and utilizing the pumped-storage hydropower (PSH) technology

Agreement For Russian Industrial Zone in Egypt To Be Signed in March

Mamish revealed further details on the RIZ, announcing that it will be built on an area of 5.25 sqm, with a total of USD 6.9 bn worth of Russian investments. The RIZ will be implemented in three phases over 13 years, starting 2018. It aims at generating nearly 35,000 direct and indirect jobs.

Remco Unveils EGP 12 bn Projects in New Capital

The projects, scheduled for completion within two years, include the establishment of 450 villas and 4,000 apartments, in addition to allocating 7,000, 1,370, and 3,650 sqm for commercial, administrative, and services buildings

Gov’t Prepares for Largest Offering of Lands, Units

Units will be offered in Dar Misr and Sakan Misr housing projects in New Al-Alamein, New Mansoura, and the extension of Sheikh Zayed, in addition to a number of villas in New Mansoura

Egypt, AfDB Ink USD 150 mn Deal to Revamp Abu Rawash Wastewater Plant

Egypt and the African Development Bank Group (AfDB) signed a USD 150 mn agreement on Tuesday to boost the efficiency of the Abu Rawash wastewater treatment plant

Egypt to Set Up Industrial Complex Worth EGP 1.5 bn at ScZone

Set to span over an area of 1 mn sqm, the complex will house 1,050 factories. Each factory will be equipped with machinery, and built on an area of 300 sqm

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