First Phase of Siemens’ Mega Project in Egypt Finalized

• Wednesday, 24th May 2017
• by Nayrouz Talaat

Germany’s conglomerate company, Siemens, announces that the first phase of its mega project in Egypt has been finalized, with 4.8 GW already being connected to the grid, Invest-Gate reports.

Egypt Launches 16,900 Social Housing Units Worth EGP 2.3 bn

• Wednesday, 24th May 2017
• by Fatma Khaled

The government launches 16,900 social housing units worth EGP 2.3 bn in nine new cities, Invest-Gate reports.

Tourist Arrivals Up 51% in Q1

• Wednesday, 24th May 2017
• by Nayrouz Talaat

Tourist arrivals to Egypt rise by 51% in the first quarter of 2017, compared to the same period a year earlier, Invest-Gate reports.

Heliopolis Housing to Ink EGP 500 mn Lease Agreement Tomorrow

• Wednesday, 24th May 2017
• by Menna A. Farouk

Egypt’s construction company Heliopolis for Housing and Development will sign a lease agreement with Al-Oula - El-Taamir for Mortgage Finance tomorrow, Invest-Gate reports.

Ezz Steel Turns Profitable in 2016

• Wednesday, 24th May 2017
• by Menna A. Farouk

Egyptian steelmaker Ezz Steel achieved consolidated net profits of EGP 560.15 mn during the fiscal year ending on December 31, 2016, against net losses of EGP 603.3 mn a year earlier, Invest-Gate reports.

More State Land Plots Retrieved in Giza

• Wednesday, 24th May 2017
• by Fatma Khaled

Approximately 4,925 feddans of land plots were retrieved in Wahat City located 400 kilometers away from Giza, Invest-Gate reports

Egypt Progressing to Retrieve Looted State Lands

• Tuesday, 23rd May 2017
• by Fatma Khaled

The Egyptian government is cooperating with police forces to retrieve looted state land plots in Cairo, Invest-Gate reports.

Egypt Outlines Housing Strategies At Arab Conference on Sustainability

• Tuesday, 23rd May 2017
• by Fatma Khaled

Egypt has outlined its housing and development during the second round of the Arab Federation for Sustainable Development and the Environment Conference, Invest-Gate reports.

Egypt’s Budget Deficit Down to 8 % of GDP

• Tuesday, 23rd May 2017
• by Nayrouz Talaat

Egypt's budget deficit for the first nine months of the FY2016-17 ending in June dipped to 8% of GDP from 9.4% during the same period last year, Invest-Gate reports.

Gov’t to Partner with UN-Habitat over Slums Development

• Tuesday, 23rd May 2017
• by Fatma Khaled

The government will partner with the United Nations Human Settlements Program (UN-Habitat) in a plan to upgrade residential units in Egyptian slums, Invest-Gate reports.