Indian Firm to Increase Investments in Egypt to USD 1.5 bn

• Monday, 29th May 2017
• by Menna A. Farouk

TCI Sanmar, the Egyptian arm of the Indian Sanmar Petrochemicals Group, plans to increase its investments in Egypt to USD 1.5 bn, Invest-Gate reports.

GAFI Establishes Investment Zone in Damietta City for Furniture

• Monday, 29th May 2017
• by Nayrouz Talaat

A new investment zone spanning an area of 331 feddans is to be established in the New Damietta City for furniture, Invest-Gate reports.

HHD Allocates EGP 50 mn to Develop Land Plot in New Cairo

• Monday, 29th May 2017
• by Menna A. Farouk

Egypt’s Heliopolis for Housing and Development (HHD) is allocating EGP 50 mn from its investment budget for FY2017-18 to provide its land plot in New Cairo with basic facilities, Invest-Gate reports.

MFF, Contact Ink EGP 250 mn Cooperation Protocol

• Monday, 29th May 2017
• by Menna A. Farouk

The Mortgage Finance Fund (MFF) signs a cooperation protocol worth EGP 250 mn with Egypt’s real estate finance agency, Contact, to finance low-income applicants for social housing units, Invest-Gate reports.

EBRD to Upgrade Sewage Water System in Fayyoum for EUR 186 mn

• Sunday, 28th May 2017
• by Nayrouz Talaat

Egypt and the European Bank for Reconstruction and Development (EBRD) have signed, today, a- EUR 186-mn- project aimed at upgrading sewage water system in Fayyoum governorate, west of Cairo... Nayrouz Talaat reports for Invest-Gate

Egypt’s Commercial Property to See Higher Demand in 2017

• Sunday, 28th May 2017
• by Menna A. Farouk

The float of the EGP has lured foreign investments back to the economy as capital inflow ups demand for commercial real estate with investors seeking income-producing assets, according to a BMI research report.

Misr Italia to Offer 5% Discount on Mousa Coast Units During Ramadan

• Sunday, 28th May 2017
• by Fatma Khaled

Egyptian real estate developer Misr Italia is offering a 5% discount on its units in Mousa Coast during the holy fasting month of Ramadan, Invest-Gate reports.

NBE Offers EGP 200 mn Funding to Social Housing Project

• Sunday, 28th May 2017
• by Menna A. Farouk

The National Bank of Egypt (NBE) will donate EGP 200 mn to finance the construction of “Ahalina” social housing project, Invest-Gate reports.

Saudi Egyptian Co. Wins 2 Plots in New Cairo  

• Sunday, 28th May 2017
• by Menna A. Farouk

The Egyptian government agrees to allocate two land plots to real estate developer Saudi Egyptian Company for Development and Investments, Invest-Gate reports.

Over 90% of State Lands Retrieved in Cairo

• Sunday, 28th May 2017
• by Menna A. Farouk

The Egyptian government retrieves 90.8% of looted state lands as part of its crackdown on the illegitimate seizure of land plots, Invest-Gate reports.