President Sisi Approves Social, Economic Development Plan for FY17/18 

• Thursday, 10th August 2017
• by Menna A. Farouk

Egyptian President Abdel Fattah El Sisi ratifies the social and economic development plan for the fiscal year 2017/2018, Invest-Gate reports.

Naeem Holding to Merge Reacap Business With Wadi Degla

• Thursday, 10th August 2017
• by Menna A. Farouk

Naeem Holding for Investment is to merge its Reacap Financial Investments with real estate group Wadi Degla Developments, creating a company with a book value of EGP 3.5 bn (USD 197.18 mn), Reuters reports.

Hilton Worldwide Plans to Expand in Egypt

• Thursday, 10th August 2017
• by Menna A. Farouk

Hilton Worldwide plans to nearly double the number of its hotels in Egypt within the next seven to 10 years as tourism returns to its levels, Reuters reports.

Elite’s Second Round Kicks Off in Cairo

• Thursday, 10th August 2017
• by Menna A. Farouk

The second round of the Elite Real Estate Exhibition kicks off in Cairo with the participation of 120 leading Egyptian and Gulf real estate developers on August 9, Invest-Gate reports.

Projects Real Estate Development launches the -EGP 10bn- Blues Tiffany

• Wednesday, 9th August 2017
• by Farah Montasser

News Correction: Projects Real Estate Development has announced the launch of its latest Blues Tiffany on the Egyptian North Coast, and has contracted Sabbour Consulting for the supervision and consultancy of the project, Invest-Gate reports

Egypt Ranks Second Fastest Growing Tourism Market Globally

• Wednesday, 9th August 2017
• by Farah Montasser

Egypt ranks the world’s second fastest growing tourist destinations in 2017, Invest-Gate reports

Event Alert: ARCO Brings Despacito’s Luis Fonsi to North Coast This Weekend

• Wednesday, 9th August 2017
• by Farah Montasser

Egyptian real estate developer ARCO Developments is to hold one-of-a-kind event on August 11 in the North Coast, Invest-Gate reports

Palm Hills to Issue Bonds Worth EGP 700 mn

• Tuesday, 8th August 2017
• by Menna A. Farouk

Egyptian real estate company Palm Hills Developments begins the regulatory procedures of issuing securitization bonds of up to EGP 700 mn, Invest-Gate reports.

Obour to See New 25,056 Residential Units

• Tuesday, 8th August 2017
• by Menna A. Farouk

The government is working on a number of service and development projects in Obour City, Invest-Gate reports.

Garhy Steel Plans IPO in Q1 of 2018 

• Tuesday, 8th August 2017
• by Menna A. Farouk

Egyptian steel manufacturer Garhy Steel is planning to offer 25% of its shares in the Egyptian Exchange (EGX) during the first quarter of 2018, Invest-Gate reports.