News / Egypt

“Maadi View” Units To Be Offered End Of March

Egyptian real estate developer Maadi Company for Development and Construction will offer units of the first phase of its latest residential project “Maadi View” in Shorouk City during Cityscape’s real estate exhibition taking place on March 3, MENA reports.

Egypt Ranks 29 out of 58 countries in FDI index

Egypt ranks 29 out of 58 countries in the foreign direct investments index, 16 out of 55 in global services index, 25 out of 135 in market size index and 49 out of 160 in logistics performance index, Invest-Gate reports.

Arab Contractors to Develop Infrastructure Project in Kuwait

Egyptian real estate developer Arab Contractors will establish a new road in Kuwait worth EGP 10 bn to ease traffic congestion, Invest-Gate reports.

Gov’t Builds 2,000 Housing Units in New Al Alamein City

The Egyptian Ministry of Housing is currently establishing approximately 2,000 social housing units in New Al Alamein City, 700 of which are being finalized, Invest-Gate reports.

Construction Material Exports On the Rise

Egyptian construction material exports have been on a steady rise since the flotation of the EGP in November, Invest-Gate reports.

CEOs of US Firms Scout Investment Opportunities in Egypt

CEO of major US companies are scouting investment opportunities in Egypt amid the reportedly improving business climate, Invest-Gate reports.

EU, Three Int’l Development Banks Team Up to Promote Green Investments in Egypt

The European Union (EU) and three international development banks launch a EUR -140- mn- program in Egypt to promote green investments in the country, support projects that boost energy efficiency and develop renewable energy sources, Invest-Gate reports.

Memaar Al Morshedy Offers Feasible Payment Terms at Degla Landmark

Egyptian real estate developer Memaar Al Morshedy offers feasible payment terms for its latest residential and commercial project Degla Landmark in Nasr City, Invest-Gate reports. The payment terms include a six-year installment plan.

Gov’t Pledges Alternative Housing Units for Maspero Residents

The government has pledged to provide alternative housing units for residents of the Maspero area, west of Cairo, announcing that it will receive their requests as of March 25, Invest-Gate reports.

Egypt Negotiates Third Tranche of WB Loan

Egypt is in talks with the World Bank (WB) for a third and final USD 1 bn tranche of the bank’s total USD 3 bn loan aiming to support the government's economic reform program, Invest-Gate reports.

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