News / Egypt

Development & Engineering Consultants to Raise Capital 

Egyptian engineering services provider Development & Engineering Consultants is to raise its issued capital, Invest-Gate reports

Heliopolis Housing Awards EGP 7.4 mn for New Project 

Egyptian real estate company Heliopolis Co. for Housing and Development awards a contract for Utilco for Engineering and Contracting, Invest-Gate reports.

Somabay Offers Attractive Payment Plans For A Limited Time Only

Somabay announces its attractive payment plans on its two projects, Baywest and Wadi Jebal, at the Somabay on the Red Sea, Invest-Gate reports.

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

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

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

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 

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

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

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

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.

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