Samcrete Posts Higher Profits in Q1

• Wednesday, 14th June 2017
• by Menna A. Farouk

Egyptian construction and development company Samcrete Egypt Engineers and Contractors posts a 2820% year-on-year rise in its standalone profits in the first quarter of 2017, Invest-Gate reports.

Madinet Nasr Housing Records Bonus Shares on June 28

• Tuesday, 13th June 2017
• by Menna A. Farouk

Egypt’s Madinet Nasr Housing and Development says that the record date for its bonus shares is June 28, Invest-Gate reports.

South Korea’s LG Chem Wins Egypt Desalination Plant Supply Deal

• Tuesday, 13th June 2017
• by Menna A. Farouk

LG Chem, a South Korean company principally engaged in the manufacture of petrochemical materials, says it has been signed up by the UAE-based Metito as the sole supplier of reverse osmosis (RO) membranes for the upcoming seawater desalination plant that the global water treatment company is building in Port Said in Egypt, TradeArabia reports.

Gov’t to Deliver Land Plots in Badr City Early July  

• Tuesday, 13th June 2017
• by Menna A. Farouk

The Minister of Housing and Urban Development will start delivering 1,999 land plots in Badr City during the period from July 9 to October 31, Invest-Gate reports.  

Egypt Injects First Tranche of WB Loan into Developing Upper Egypt

• Tuesday, 13th June 2017
• by Nayrouz Talaat

Egypt is injecting the first tranche of the World Bank loan worth USD 125 mn into upgrading Upper Egypt in accordance with President Abdel Fattah El Sisi’s directives, Invest-Gate reports.

Gov’t Inks Three Agreements Worth EUR 203.5 mn with Germany

• Tuesday, 13th June 2017
• by Nayrouz Talaat

The government inks three agreements worth EUR 203.5 mn with Germany to boost cooperation in the areas of renewable energy, small-and medium enterprises as well as education, Invest-Gate reports.

ISDF Inks Deal Worth EGP 68.5 mn to Develop Slum in Ismailia

• Monday, 12th June 2017
• by Menna A. Farouk

The government signs a cooperation agreement with the Informal Settlements Development Fund (ISDF) to develop Ismailia’s Ali Eid slum area at a total cost of EGP 68.5 mn, Invest-Gate reports.

SCZone to See Establishment of 15 New Diversified Projects

• Monday, 12th June 2017
• by Menna A. Farouk

The General Authority for Suez Canal Economic Zone (SCZone) signs 15 contracts with 13 companies of diverse activities to pump investments in the Suez Special Economic Zone (SSEZ) in Ain Sokhna, Invest-Gate reports.

EBRD Approves Deal Worth USD 500 mn to Fund Renewable Projects in Egypt

• Monday, 12th June 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) approves on June 7 an agreement worth USD 500 mn to finance renewable energy projects in Egypt, Invest-Gate reports.  

Heliopolis Housing Posts Sales of EGP 71.07 mn in May

• Monday, 12th June 2017
• by Menna A. Farouk

Egyptian construction company Heliopolis Company for Housing and Development posts sales worth EGP 71.07 mn in May, Invest-Gate reports.