Electric Train to Link Administrative Capital with Cairo

• Sunday, 5th March 2017
• by Yasmin El-Beih

The Egyptian government is in talks with a Chinese construction company to launch an electric train linking the New Administrative Capital with Cairo, state-owned Ahram reports.

Egypt, Cyprus Sign 3 Deals to Boost Economic Ties

• Sunday, 5th March 2017
• by Yasmin El-Beih

Egypt and Cyprus signed three memorandums of understanding to boost economic cooperation, and increase joint investments between the two countries, Invest-Gate reports.

Sisi, Merkel Inaugurate Mega Power Project

• Sunday, 5th March 2017
• by Yasmin El-Beih

Egyptian President Abdel Fattah El Sisi and German Chancellor Angela Merkel inaugurated on March 2 the first phase of Siemens’ new mega power project expected to book power generation capacity by 45%, Invest-Gate reports.

US Firms Mull Opening Pharmaceutical Factory in SCZone

• Sunday, 5th March 2017
• by Yasmin El-Beih

US companies are willing to open a pharmaceutical factory in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

Cairo launches new insurance program to protect businesses

• Sunday, 5th March 2017
• by Yasmin El-Beih

The government will launch a new EGP 10 mn insurance program to protect traders and their commercial establishments against risks and hazards to ensure their sustainability in the market, Invest-Gate reports.

Germany to Pump Investments Worth EUR 203.5 mn in Egypt

• Sunday, 5th March 2017
• by Yasmin El-Beih

Germany is planning to pump investments worth EUR 203.5 mn in Egypt to fund future developmental projects and boost the national economy, Invest-Gate reports.

Egypt to Open Museum in Old Cairo’s Fustat

• Thursday, 2nd March 2017
• by Yasmin El-Beih

Egypt is planning to open a national museum in Old Cairo’s Fustat area to serve as a cultural center and scientific research hub protecting Egyptian heritage, Invest-Gate reports.

WB to Visit Egypt to Assess Investment Climate

• Thursday, 2nd March 2017
• by Yasmin El-Beih

A World Bank (WB) delegation will visit Egypt this month to assess the country’s investment climate as the government moves ahead with economic reform measures, Invest-Gate reports.

‘Ebny Beitak’ Returns, Under Conditions

• Wednesday, 1st March 2017
• by Yasmin El-Beih

The New Urban Communities Authority (NUCA) and Minister of Housing and Urban Utilities Mostafa Madbouly agreed to resume the trade of land plots in the “Ebny Beitak” project, but this time municipalities have set some conditions to regulate the process, Invest-Gate reports.

Nasr, Madbouly Visit Mall of Egypt Ahead of Launch

• Wednesday, 1st March 2017
• by Yasmin El-Beih

Minister of Investment and International Cooperation Sahar Nasr and Minister of Housing and Urban Utilities Mostafa Madbouly went on an inspection trip on February 28 to Majid Al Futtaim’s most recent USD 722 mn project, Mall of Egypt, Invest-Gate reports.