News / Egypt

The Waterway North Coast Brings Flo Rida at its Official Launch

Egypt’s Equity Real Estate Development brought Cuba to the North Coast via a spectacular performance featuring the star Flo Rida to celebrate the official launch of its latest project – the Waterway North Coast – on Friday, July 27

Gov’t to Offer Majority Stake in Heliopolis Housing for Investors

Prime Minister Mostafa Madbouly has discussed a plan for the initial public offering (IPO) of some of the national firms

German FTI Eyes Another Labranda World Resort in Egypt

German hospitality group FTI has revealed plans to expand its Labranda World resorts in Makadi Bay in the Red Sea as part of its ongoing hotel expansion strategy

Investments Worth EGP 515 bn in Electricity Sector Since 2014: Minister

Electricity Minister Mohamed Shaker has revealed that Egypt has spent EGP 515 bn since mid-2014 to enhance the country's national electricity grid

Sisi Inaugurates EUR 6 bn Power Plants

President Abdel-Fattah El Sisi has inaugurated three EUR 6 bn gas-fired combined cycle power plants with a total capacity of 14,400 megawatts (MW), to boost Egypt’s electricity generation by 50%, in a ceremony on Tuesday, July 24

1st Phase of New Al-Alamein Will Be Ready by 2020: Madbouly

Prime Minister Mostafa Madbouly,  who is also the Minister of Housing, Utilities, and Urban Development,  has stressed on the necessity of finishing the first phase of New Al-Alamein city before 2020

Dubai’s Emaar to Double Investments in Egypt

Dubai-based Emaar Properties Chairman Mohamed Alabbar revealed plans to double his company's investments in Egypt to EGP 100 bn over the next five years

Hassan Allam to Form JV with Lightsource BP for Solar Projects

Hassan Allam Utilities, the utilities arm of Egyptian engineering group Hassan Allam Holding, will set up a joint venture with Lightsource BP, a renewable energy development firm, for new projects

JLL Sees Cairo Real Estate Market Improving Further

Cairo’s real estate market is recording an ongoing improvement in performance across most sectors, particularly the residential sector as it is benefiting from soaring sale prices in 2018, Invest-Gate reports.

IMF Praises Egypt’s Economic Reforms

The International Monetary Fund (IMF) has praised Egypt’s economic reforms during its third review of the country’s loan program

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