News / Egypt

AfDB Pumps USD 560,000 in Slums Development Fund

A delegation from the African Development Bank (AfDB) and the Slums Development Fund visited Asmarat City and Tel El-Aqareb district on March 7, Invest-Gate reports.

Gov’t To Establish Dry Port Near Cairo

The government is planning to establish a dry port near the 10th of Ramadan City located in Cairo’s eastern outskirts, MENA reports.

Greek-Chinese Delegation Scout Investment Opportunities In Red Sea

A Greek-Chinese business delegation yesterday scouted investment opportunities in ports located along the Red Sea coast, EgyNews reports.

USAID Funds Luxor Wastewater Plant Expansion

The United States Agency for International Development (USAID) has stated it would fund the expansion of a wastewater treatment plant in the Upper Egyptian governorate of Luxor, Invest-Gate reports.

Orascom Expands Executive Management Team

Orascom Development Holding (ODH) decided on March 5 to expand its executive management team as of April 1, Invest-Gate reports.

Gov’t Seeks to Attract Tourism Investments to New Damietta

The government is seeking to draw tourism investments to the country’s New Damietta, a coastal city located north of Egypt, Invest-Gate reports.

TMG Net Profit Rises By 8.85% in 2016

Egypt’s giant real estate developer Talaat Moustafa Group (TMG) posted a consolidated net profit of EGP 828 mn in 2016, up by 8.85% compared to EGP 761 mn a year earlier, Invest-Gate reports.

Cairo To Launch New Factories in Port Said Industrial Complex

The government will launch new factories at the industrial complex in Port Said city, northeast of Egypt, state-owned Al Ahram reports.

Cairo Seeks to Generate More Revenue from Attaba Metro Mall

The government is seeking to generate more revenue from a metro mall located in Cairo’s Attaba district with a view to increasing the state metro authority’s margins, Invest-Gate reports.

Cairo Plans EGP 1.5 bn Projects, Halayeb and Shalateen

The government is to carry out projects worth EGP 1.5 bn in Halayeb and Shalateen, two towns spanning an area of 20,580 square meters in the south of the Red Sea governorate, Invest-Gate reports.

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