Egypt Receives Second Tranche of WB Loan

• Tuesday, 21st March 2017
• by Leena ElDeeb

The World Bank (WB) is disbursing Egypt USD 1 bn in financial assistance as a second tranche of its USD 3 bn loan program with the country, Invest-Gate reports.

Egypt to Build First Small-sized Industrial Zone in Suez Canal

• Tuesday, 21st March 2017
• by Fatma Khaled

Egypt plans to build the first complex for small-sized enterprises on an area of 60 feddans in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

US Investors to Turn Administrative Capital Into Smart City

• Tuesday, 21st March 2017
• by Fatma Khaled

Several US tech companies are willing to contribute to turning the New Administrative Capital into a smart city, Invest-Gate reports.

Majid Al Futtaim Plans to Install 600 VOX Cinema Screens Across ME by 2020

• Tuesday, 21st March 2017
• by Nayrouz Talaat

Majid Al Futtaim, a leading retail and leisure pioneer in the Middle East, is allocating AED 1 bn (USD 270 mn) for installing 600 VOX cinema screens across different locations in the Arab and Middle East region by 2020, Invest-Gate reports.

‘Yafa Mac’ Hands Over 700 Units In ‘Emirates Heights’, North Coast

• Monday, 20th March 2017
• by Leena ElDeeb

Yafa Mac Touristic Corporation, the owner of ‘Emirates Heights’ project in the North Coast, is to start handing over 700 units out of a total of 2,500 as part of its project’s first and second phases, Invest-Gate reports.

Egypt, China Sign USD 71 mn Deals to Launch Egypt Sat II, Training Center in SCZ

• Monday, 20th March 2017
• by Nayrouz Talaat

Egypt and China sign deals worth USD 71 mn to finance the second phase of establishing Egypt Sat II project and setting up a vocational training center in the Suez Canal Economic Zone, Invest-Gate reports.

Residential Supply in Cairo’s Outskirts Grows by 13%, Says OLX Report

• Monday, 20th March 2017
• by Nayrouz Talaat

Residential supply in the outskirts of Cairo and Giza has grown from 113,000 to 126,000 units, an increase of 13% in 2015 and 2016, an OLX Properties Egypt report says.

Hyde Park Launches Second Phase of Park Corner

• Monday, 20th March 2017
• by Fatma Khaled

Egyptian real estate developer Hyde Park Properties for Development (HPD) launches the second phase of Park Corner that offers several types of homes in New Cairo at an eight-year payment term, Invest-Gate reports.

WB funds USD 500 mn development program, Upper Egypt

• Monday, 20th March 2017
• by Nayrouz Talaat

The World Bank funds a USD 500 mn developmental project in Upper Egypt to improve the living standards in the southern governorates of Sohag and Qena, Invest-Gate reports.

Egypt and Lebanon Sign 15 Deals To Bolster Economic Ties

• Monday, 20th March 2017
• by Fatma Khaled

Egypt and Lebanon sign 15 protocols of cooperation during the 8th session of the Egyptian-Lebanese Joint Higher Committee, which kick-starts on March 20, Invest-Gate reports.