‘Mashrou’ak’ Funds 757 Projects Worth EGP 25 mn

• Monday, 24th April 2017
• by Leena ElDeeb

Egypt’s National Project for Youth Community Development, dubbed “Mashrou’ak”, has financed 757 projects worth over EGP 52 mn in Al Mahalla Al Kubra city in Al Gharbia Governorate, creating 860 job opportunities for young people, MENA reports.

Majid Al Futtaim Seeks to Rely on Renewable Energy in 7.5% of Power Consumption

• Monday, 24th April 2017
• by Nayrouz Talaat

Emirati leading shopping mall, communities, retail and leisure pioneer Majid Al Futtaim is aiming to rely on renewable energy sources in 7.5% of its electricity consumption, Invest-Gate reports.

Talaat Mostafa Purchases Land for Development at New Capital

• Monday, 24th April 2017
• by Nayrouz Talaat

Talaat Mostafa, Egypt's largest listed real estate developer, has purchased 500 feddans (acres) for development in the country's New Administrative Capital, Invest-Gate reports.

Egypt, Saudi Arabia Seek to Establish 8 Real Estate Projects in North Coast, Red Sea

• Monday, 24th April 2017
• by Nayrouz Talaat

The Saudi-Egyptian Business Council is mulling the establishment of eight real estate development projects in the North Coast and the Red Sea resort towns of Sharm El-Sheikh and Hurghada as President Abdel Fattah El Sisi is on an official visit to the Kingdom, Invest-Gate reports.

Facilities Projects, Service Buildings Underway at New Cities

• Thursday, 20th April 2017
• by Leena ElDeeb

Facilities projects are underway in New Minya and service buildings are to be constructed in 6th of October City and New Damietta, Invest-Gate reports.

Production At Iowa Fertilizer Company Starts, USA

• Thursday, 20th April 2017
• by Leena ElDeeb

Egyptian construction company Orascom is announcing that production and sales at its construction project Iowa Fertilizer Company is starting, the first world-scale greenfield nitrogen fertilizer plant to be built in the USA in more than 25 years, Invest-Gate reports.

1,741 Newly-Established Local Companies in March – Report

• Thursday, 20th April 2017
• by Nayrouz Talaat

The General Authority for Investment (GAFI) says that 1,741 new companies were established last month with total investments worth EGP 3.6 bn, Invest-Gate reports.

Nasr: China to Be Egypt’s Tenth Largest Foreign Investor

• Thursday, 20th April 2017
• by Nayrouz Talaat

Egypt hopes that China will be the country’s 10th largest foreign investor in the coming years, Invest-Gate reports.

Al Ahly for Real Estate Development Targets EGP 4 bn Contractual Sales

• Thursday, 20th April 2017
• by Nayrouz Talaat

Egypt’s Al Ahly for Real Estate Development Company Chairman Hussein Sabbour says that his company is targeting contractual sales of EGP 4 bn (USD 220.3 mn) in its different projects during 2017, Invest-Gate reports.

Egypt to Develop Transport Links to New Administrative Capital

• Thursday, 20th April 2017
• by Fatma Khaled

A new infrastructure project will be built to link the New Administrative Capital with the national railway network, Invest-Gate reports.