News / Egypt

GAFI Says 370 Firms Established in Third Week of May

A total of 370 new companies have been established during the third week of May with investments worth EGP 580.4 mn, Invest-Gate reports.

Tatweer Misr Plans to Establish University for Entrepreneurs

Egypt’s real estate developer, Tatweer Misr, is seeking to collaborate with international universities, focusing on entrepreneurship and the development of Micro - Small and Medium Enterprises- in order to establish a university specialized in the field, Invest-Gate reports.

New Developments to Start in New Al-Alamein City

The government is planning the construction of residential towers and hotel buildings in New Al-Alamein City, Invest-Gate reports.

Investments in 6th of October City Total EGP 33.3 bn

Total investments in ongoing projects in 6th of October City amount to EGP 33.3 bn, including residential projects worth EGP 19.5 bn, Invest-Gate reports.

Saudi Investors to Up Egypt Inflows to USD 51 bn

The Saudi-Egyptian Business Council plans to increase investments to USD 51 bn across Egypt’s agricultural, industrial, tourism, energy and real estate sectors, as well as the Suez Canal Development, Invest-Gate reports.

Egypt To Receive More German Investments Soon

Egypt expects to receive additional German investments in various fields, following the launch of the Egyptian-German Business Forum scheduled to be held next month, Invest-Gate reports.

Egyptalum Plans to Build EGP 10-bn Aluminum Factory

Aluminium Company of Egypt (Egyptalum) unveils a plan to establish a new aluminum factory worth EGP 10 bn, Invest-Gate reports.

Egypt To Inject More Investments in Startup Incubators, Risk Management Funds

The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.

Aloula Mortgage Signs Protocol With Central Agency for Reconstruction

Egypt’s mortgage company Aloula signs a protocol with the Ministry of Housing-affiliated Central Agency for Reconstruction to enable more low and middle-income purchasers to obtain housing units in the agency's housing projects, Invest-Gate reports.

EUR 360 mn Allocated To Upgrade Alexandria Tram

Egypt is set to upgrade Alexandria’s oldest tram network at a total cost of EUR 360 mn, which the French Development Agency (AFD) will partially fund with EUR 100 mn, Invest-Gate reports.  

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