News / Egypt

Construction Material Exports On the Rise

Egyptian construction material exports have been on a steady rise since the flotation of the EGP in November, Invest-Gate reports.

CEOs of US Firms Scout Investment Opportunities in Egypt

CEO of major US companies are scouting investment opportunities in Egypt amid the reportedly improving business climate, Invest-Gate reports.

EU, Three Int’l Development Banks Team Up to Promote Green Investments in Egypt

The European Union (EU) and three international development banks launch a EUR -140- mn- program in Egypt to promote green investments in the country, support projects that boost energy efficiency and develop renewable energy sources, Invest-Gate reports.

Memaar Al Morshedy Offers Feasible Payment Terms at Degla Landmark

Egyptian real estate developer Memaar Al Morshedy offers feasible payment terms for its latest residential and commercial project Degla Landmark in Nasr City, Invest-Gate reports. The payment terms include a six-year installment plan.

Gov’t Pledges Alternative Housing Units for Maspero Residents

The government has pledged to provide alternative housing units for residents of the Maspero area, west of Cairo, announcing that it will receive their requests as of March 25, Invest-Gate reports.

Egypt Negotiates Third Tranche of WB Loan

Egypt is in talks with the World Bank (WB) for a third and final USD 1 bn tranche of the bank’s total USD 3 bn loan aiming to support the government's economic reform program, Invest-Gate reports.

Oryx Industries Pumps Investments worth USD 76 mn into GCC, North Africa, 2020

Oryx Industries, a UAE-based building materials manufacturer, is to pump investments worth AED 280 mn into the Arab Gulf and North Africa regions until 2020, Invest-Gate reports.  

Egypt Tops World’s Fastest Growing Mortgage Markets

Egypt tops the world’s fastest growing mortgage markets and anticipates an expansion of 18.9% in mortgaged homes in 2017, Invest-Gate reports.

Huawei to Establish Fiber Optics Manufacturing Plant in Egypt

China’s telecom giant Huawei is planning to establish a fiber optics manufacturing plant in Egypt to turn the country into a hub for assembling the company’s products and exporting them to global markets, Invest-Gate reports.

Land Plots, Residential Units To Be Offered For Expats, April

The Ministry of Housing will offer land plots in nine new cities and residential units at Madinaty, Rehab, and the Dar Misr project for Egyptian expats next month, Invest-Gate reports.

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