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.  

Egypt’s Amlak Eyes Sales of USD 2.7 mn From Two Housing Projects This Year

• Monday, 12th June 2017
• by Nayrouz Talaat

Egypt’s Amlak Real Estate Investment and Marketing targets achieving sales of EGP 50 mn (USD 2.7 mn) from the first phase of Tala and Eshraka projects within 2017, local media reports.

Egypt Inaugurates 1st Industrial Plastic Complex in Alex

• Monday, 12th June 2017
• by Nayrouz Talaat

Egypt inaugurates the first integrated industrial complex for plastics on a land plot spanning an area of 25 feddans, in order to encourage the establishment of more logistics and value-added institutions that help boost surrounding industrial zones, Invest-Gate reports.

Egypt, General Electric Discuss Ways of Upgrading Railways

• Monday, 12th June 2017
• by Nayrouz Talaat

Officials from the Egyptian government and the US multinational corporation General Electric have discussed ways of upgrading the national railways in the coming period, Invest-Gate reports.

Egypt’s ECG: Works Will Go On In Qatar Despite Rift

• Thursday, 8th June 2017
• by Menna A. Farouk

Egypt-based Engineering Consultants Group (ECG) is committed to continuing its works in Qatar despite Cairo’s recent decision to break off relations with Doha, Reuters reports.