News / Egypt

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

Egypt Foreign Currency Inflows Up to USD 5.6 bn in January – CBE

The country’s foreign reserves reached USD 38.209 bn at the end of January 2018, compared to USD 37.019 bn at the end of December 2017

Gov’t to Develop Slums in 8 Cities with EGP 6.7 mn Investments

Under the annexes, action plans will be proposed for the development of 32 informal settlements in 8 cities including Aswan, Sohag, and Assiut

Cabinet to Relocate to New Capital Within 18 Months

The cabinet’s headquarters along with the presidential headquarters and the parliament will be relocated to the New Administrative Capital within 18 months

Egypt’s Sisi Visits Galala Mountain for Latest Developments

The new city will include a new road linking Ain Sokhna to Zaafarana through Galala Mountain, a touristic resort, a hospital specialized for medical tourism, and a corniche walkway

Egypt’s USD 1.1 bn Cement Plant to Operate Within Days

A USD 1.1 bn cement plant with six production lines in the Egyptian city of Beni Suef will start operations within days, Reuters quoted officials as saying on January 31

EGP 9 bn Invested in Housing Projects in New Cairo: Gov’t

Minister of Housing, Utilities and Urban Communities, Mostafa Madbouly, reviews the latest updates on residential units in the housing projects of Dar Misr and Sakan Misr in New Cairo, Invest-Gate reports

Marsa Matrouh to See “Disneyland-Like” Park Worth USD 3.3 bn

The first agreement stipulates the establishment of “an integrated entertainment city, similar to Disneyland, across 5,080 acres with total investments of EGP 58.24 bn (USD 3.3 bn)

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