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.

Aboul Fotouh Group to Launch Major Real Estate Project on Alexandria Road

• Thursday, 20th April 2017
• by Fatma Khaled

Aboul Fotouh Group, a prominent real estate developer and automotive oriented company, will launch a fully-integrated community on Cairo-Alexandria Road, Invest-Gate reports.

CAPMAS Counts Residential Buildings, North Sinai

• Wednesday, 19th April 2017
• by Leena ElDeeb

The state-run Central Agency for Public Mobilization and Statistics (CAPMAS) is starting to count residential buildings in North Sinai, a first-phase operation which will last until May 26, MENA reports.

Gov’t in negotiation with Dubai’s UWI over Real Estate projects

• Wednesday, 19th April 2017
• by Nayrouz Talaat

The Egyptian government is negotiating a deal with United World Infrastructure (UWI), a Dubai and Washington-based infrastructure, investment and development company, to help fill its funding gaps and cooperate to acquire, invest in, design, build, and operate new clusters and other real estate and infrastructure projects, Invest-Gate reports.

Palm Hills Developments records net sales of EGP 3.1 bn in Q1

• Wednesday, 19th April 2017
• by Nayrouz Talaat

Egyptian real estate developer Palm Hills Developments net sales are at EGP 3.1 bnfor Q1 of 2017, up by 58% y-o-y, Invest-Gate reports.

Mall of Egypt, City Center Alexandria, City Center Maadi Save Approximately 2000 kWh for Earth Hour

• Wednesday, 19th April 2017
• by Nayrouz Talaat

Mall of Egypt, City Centre Maadi and City Centre Alexandria, owned by Majid Al Futtaim, are saving approximately 2000 kWh as part of the global Earth Hour movement, Invest-Gate reports.

Gov’t Applies New Electronic System to Improve Suez Canal Maritime Services

• Wednesday, 19th April 2017
• by Fatma Khaled

A new electronic system will be applied in the Suez Canal Development Project to improve maritime services offered to passing ships, Invest-Gate reports.