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.

Draft for New Investment Law Executive Regulations Approved

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

Egypt's economic group approves the draft of the new Investment Law executive regulations, a much-anticipated decision by both local and foreign investors, Invest-gate reports. 

Egypt, EBRD to Sign Private Sector Funding Deal Worth USD 60 mn Next Week

• Monday, 7th August 2017
• by Menna A. Farouk

Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a USD 60 mn agreement next week to finance private projects, Invest-Gate reports.

Prince Waleed Bin Talal, TMG Inject USD 800 mn into Egypt’s Hospitality Projects

• Monday, 7th August 2017
• by Menna A. Farouk

Saudi Prince and business tycoon Waleed bin Talal is to inject investments worth USD 800 mn, in co-operation with Talaat Mostafa Group (TMG), into a number of hospitality projects in Egypt, Invest-Gate reports.

Deal to Clear Dabaa Land Plot of Landmines

• Monday, 7th August 2017
• by Menna A. Farouk

Minister of Investment and International Co-operation Sahar Nasr signs a protocol of cooperation with Minister of Electricity Mohamed Shaker to clear a plot of land, dedicated to the nuclear power plant in Dabaa, of landmines at a total cost of EGP 2 mn, Invest-Gate reports.

“West of Egypt” to Host A Billion Dollar Amusement Park 

• Monday, 7th August 2017
• by Menna A. Farouk

As part of the just-launched "West of Egypt" national developmental project along Egypt's western desert and northern shores, an international amusement park similar to that of Disneyland is to be established in Marsa Matrouh at total investments of USD 2.5 bn, Invest-Gate reports.

Azmeel Group to invest EGP 600 mn in Sheikh Zayed, 6th of October 

• Monday, 7th August 2017
• by Menna A. Farouk

Egyptian real estate developer, Azmeel Group Real Estate, is to pump new investments worth EGP 600 mn in a number of residential projects in Sheikh Zayed and 6th of October cities, Invest-Gate reports.