Gov’t to Develop Informal Settlements in Red Sea for EGP 300 mn

• Monday, 11th September 2017
• by Invest Gate

The Egyptian government is developing slum areas in Red Sea governorate with investments worth EGP 300 mn

El Shahawi Group Unveils Ein Hills in Ain Sokhna

• Monday, 11th September 2017
• by Invest Gate

El Shahawi Group is uncovering a boutique resort in the heart of El Galala Mountain in Ain Sokhna

Egypt’s Pharos Holding Targets Deals Worth USD 400 mn

• Thursday, 7th September 2017
• by Farah Montasser

Egypt's Pharos Holding is targeting deals worth EGP 7.5 bn (USD 428 mn) over the next 18 months as it moves into non-banking sectors and enters areas such as real estate financing in 2018

Egypt to Start Construction of National Roads Project Phase III

• Thursday, 7th September 2017
• by Farah Montasser

The General Authority for Roads, Bridges and Land Transport (GARBLT) says it completed the blueprints for the third phase of the National Roads Project, set to be implemented immediately

MNHD Extends Deadline to Convert Shares into GDRs

• Thursday, 7th September 2017
• by Farah Montasser

Egyptian urban developer, Madinet Nasr for Housing and Development (MNHD), reveals it has extended the deadline set for shareholders wishing to convert their shares into global depository receipts (GDRs)

Madaar Development launches PAVO in Azha Ain Sokhna

• Thursday, 7th September 2017
• by Farah Montasser

Egypt’s real estate developer, Madaar Development, is launching a new project at the heart of Azha resort community located on the left side of Ain Sokhna

CI Ratings upgrades Egypt’s ratings

• Thursday, 7th September 2017
• by Farah Montasser

Capital Intelligence Ratings (CI Ratings) upgraded on September 1 Egypt's sovereign ratings

Arab Contractors: Construction Work on Parliament Building is Ongoing

• Thursday, 7th September 2017
• by Farah Montasser

Egyptian construction firm, Arab Contractors, unveils that construction work of new building of the Egyptian Parliament in the New Administrative Capital is on the pipeline

Egypt FDI Rises By 27.5% in FY2016-17

• Tuesday, 5th September 2017
• by Farah Montasser

Egypt saw a significant rise in its foreign direct investment (FDI) during FY2016-17

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

• Tuesday, 5th September 2017
• by Farah Montasser

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)