Egypt Allocates Lands to Farmers, Investors in NECD Project

• Thursday, 4th May 2017
• by Fatma Khaled

Several lands will be allocated and dedicated to farmers and investors in Toshka, Farafra and El Maghara areas as part of the New Egyptian Countryside Development (NECD) project, Invest-Gate reports.

SCZone, Saudi Arabia’s ASIC Partner to Develop Land Plots, Granite City

• Thursday, 4th May 2017
• by Fatma Khaled

The Suez Canal Economic Zone (SCZone) Authority will be partnering with Saudi Arabia’s ASIC Capital to develop six mn square meters of land plots and a granite city spreading on an area of one mn square meters in the zone, Invest-Gate reports.

Egypt’s Golden Coast El Sokhna Shareholders Approve FY2016 Cash Dividend

• Thursday, 4th May 2017
• by Nayrouz Talaat

Shareholders of the Golden Coast El Sokhna Company for Touristic Investment approve cash dividend of EGP 0.833 per share for the year 2016, according to the Egyptian Exchange

Blue Stars for Touristic Investment Sales Hit EGP 82 mn in Q1 2017

• Thursday, 4th May 2017
• by Nayrouz Talaat

Egypt’s Blue Stars for Touristic Investment announces the selling of 92 hotel units in Oyster Bay tourist project in Marsa Allam on the Red Sea, at a total amount of EGP 82 mn, during the first quarter of 2017, Invest-Gate reports.

WB Plans to Disburse 3rd Tranche of Loan by Dec

• Thursday, 4th May 2017
• by Nayrouz Talaat

The World Bank (WB) is planning to provide Egypt with the third tranche of its USD 3 bn loan program by December, Invest-Gate reports.

South Korea’s GS Establishing Largest Petrochemicals Factory in Egypt

• Thursday, 4th May 2017
• by Nayrouz Talaat

South Korea’s conglomerate GS is establishing the largest petrochemicals factory in Egypt at a total cost of USD 3.7 bn, Invest-Gate reports.

China’s CRBC Willing to Invest in Egypt’s Transport Projects

• Thursday, 4th May 2017
• by Nayrouz Talaat

China Road and Bridge Corporation is willing to invest in Egypt’s transport projects, especially in the construction of a multi-purpose terminal in the port of Safaga, Invest-Gate reports.

Investments of Suez Canal Container Terminal hit USD 850 mn in East Port Said

• Thursday, 4th May 2017
• by Nayrouz Talaat

The total investments of the Suez Canal Container Terminal (SCCT) exceed USD 850 mn in the East Port Said zone, says the company’s general manager Yan Boza.

Egyptian Slums to be Replaced with 180,000 Homes

• Thursday, 4th May 2017
• by Fatma Khaled

Approximately 180,000 housing units will be finalized by 2018 and offered to the residents of unsafe slum areas nationwide, Invest-Gate reports.

ARCO Appoints Neymar as its Brand Ambassador in Egypt & MENA Region

• Thursday, 4th May 2017
• by Fatma Khaled

Egypt’s real estate developer ARCO Developments appoints Brazilian football star Neymar Da Silva Santos Junior as a brand ambassador for Egypt and the Arab world, Invest-Gate reports.