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Saudi PIF to Pump Investments in Egypt

Minister of Investment and International Cooperation Sahar Nasr agrees with the Saudi Public Investment Fund of Saudi Arabia (PIF) Chairman Yasir Othman Al-Rumayyan to speed up the injection of new investments in the fields of agriculture, tourism, industry, health, education, construction, and renewable energy in Egypt

Heliopolis Housing Profits EGP 77 mn in Q1 FY 2017-18

Real Estate developer, Heliopolis Co for Housing and Development, reports a 196% year-on-year rise in its net profits after taxes in Q1 of FY2017-18, ending on September 30

Ministries To Be Relocated to New Capital by 2019

Egyptian ministries’ headquarters will be relocated to the new capital by June 30, 2019

Egypt Mulls BYD Monorail System

China-based carmaker BYD says it signed a memorandum of Understanding (MoU) with Egypt to build a SkyRail monorail transit system in Alexandria

DP World Sokhna Welcomes 1st Regular Cruise Ship Since 2011

The leading enabler of global trade and an integral part of the supply chain, DP World Sokhna, has welcomed the first regular cruise ship, the “Cleo”, since 2011 in Sokhna Port

Egypt’s Cabinet Approves Investment Law Executive Regulations

Egypt’s cabinet has approved executive regulations for a law aimed at luring back investors

EBRD, Partners Sign New Solar Power Investment in Egypt

Egyptian renewable energy developer Infinity Solar Energy and German-based solar developer ib vogt GmbH will receive a USD 87 mn syndicated loan

KSA Plans USD 500 bn Special Zone Across Borders of Egypt, Jordan

Saudi Arabia announced on Tuesday a USD 500 bn plan to establish an independent special zone stretching over three countries including Egypt

Local Experts Say Intelligent Cities “No Longer a Choice”

Building intelligent cities in our country is no longer a choice, but it will be a must and should be widely implemented in the near future, according to IT experts, developers and policymakers who gave their opinions and expertise during the wrap-up of the Intelligent Cities Exhibition and Conference (ICEC)

Experts Showcase Investment Opportunities in Egypt at ICEC

The third round of the Intelligent Cities Exhibition & Conference (ICEC) has launched on Monday, October 23, in Fairmont Heliopolis, Cairo

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