Egypt targets 5% GDP growth by end of 2017-18

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Egypt expects its gross domestic product to grow by 5% by the end of FY2017-18,  Invest-Gate reports.

Investment Zones to be Established in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh, and Qalyubia

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The government okays the establishment of three free investment zones in South Sinai, Kafr El-Sheikh, Sharm El-Sheikh and Qalyubia, Invest-Gate reports.

Egypt’s MCR to Launch Oasis Park Phase I Next June

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Egypt's Modern Company for Construction and Real Estate (MCR) plans to launch the first phase of Oasis Park project in Sixth of October City in June, 2018, Invest-Gate reports.

Egypt Gets USD 116 mn from EBRD to Build Two Power Plants 

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) and Proparco grant Egypt a loan worth USD 116 mn to build two power plants, Invest-Gate reports.

Damietta Furniture City, Al Hokair to Establish Joint Projects

• Tuesday, 22nd August 2017
• by Yasmin El-Beih

Damietta Furniture City Company and Abdulmohsen Al Hokair Group sign a memorandum of understanding to establish a number of projects in Damietta, Al Arabiya news website reports.

Orascom Construction’s Unit Finalises Large Student Housing Project in US

• Tuesday, 22nd August 2017
• by Yasmin El-Beih

Orascom Construction Limited says its wholly-owned subsidiary completed a large student housing development in the US, Invest-Gate reports.

Cairo Hosts 22nd Euromoney Conf on Sept 18

• Tuesday, 22nd August 2017
• by Yasmin El-Beih

Cairo will host the investment international conference Euromoney on Sept 18-19, gathering a wide range of investors, policymakers, and officials to discuss recent businesses issues and investment opportunities in Egypt, Invest-Gate reports.

Somabay Golf Tournament to Kick Off October 5

• Tuesday, 22nd August 2017
• by Yasmin El-Beih

The Red Sea resort town of Somabay will host a new golf tournament in one of its hotels, the Westin Hotel, Invest-Gate reports.

MNHD Launches Taj City Phase II 

• Monday, 21st August 2017
• by Menna A. Farouk

Egyptian urban developer Madinet Nasr for Housing and Development (MNHD) is launching the second phase of its gated community Taj City in New Cairo, Invest-Gate reports.

Moody’s Affirms Egypt’s Ratings 

• Monday, 21st August 2017
• by Menna A. Farouk

Moody's Investors Service affirms the Egyptian government's ratings, Invest-Gate reports.