News / Egypt

Six Transportation Lines to Serve Different Neighborhoods, Badr

The General Management of Developing Badr City is working to provide six new public transportation lines serving different neighborhoods in the new city, Invest-Gate reports.

Egyptian-Turkish Business Forum Gathers Over 100 Investors

The Egyptian-Turkish Businessmen Association (ETBA) held a forum on February 18 to discuss the potential for bilateral economic, commercial, and investment collaboration, Invest-Gate reports.

Gov’t to Launch 600 Investment plans in Upper Egypt

Around 600 investment opportunities will launch in Upper Egypt during the upcoming period, in line with the government’s Industrial Investment Map, Invest-Gate reports.

Egypt Cooperates with African Countries in Transport Sector

Egypt’s Civil Aviation Ministry will cooperate with African countries such as Togo in the transportation sector to renovate airport management, training, and air safety, Invest-Gate reports.

Municipalities Inaugurate Hypermarket in New Minya

Governor of Minya Essam Badawy and President of the Authority for Developing New Minya Mohamed Wahba inaugurated Spinneys hypermarket located at Cityscape Mall in February 16, Invest-Gate reports.

Madbouly Appoints Deputies to President of New Cairo Authority

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly appointed two deputies to the president of the Authority for Developing New Cairo on February 17, Invest-Gate reports.

Cairo to Partner with Helwan University for Slums Development

Cairo will launch an initiative to develop slums in Al Ma’asra area in cooperation with the National Bank of Egypt, Helwan University, and the Development of Slums Fund, Invest-Gate reports.

Obour City Housing Projects in Progress

Constructions works are currently taking place on approximately 27,000 social housing units in Obour City in addition to 5,160 units in Dar Misr projects, Invest-Gate reports.

Banks Collect USD 12.3 bn Since EGP Float

Egyptian Banks have to collect FX inflows amounting to a USD 12.3 bn since the float of the local currency, according to an unnamed Central Bank of Egypt source, Invest-Gate reports.

Madbouly Combats Violations, New Obour

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly is leading a campaign against unlicensed buildings in New Obour City and applying removal decrees as necessary, Invest-Gate reports.

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