Administrative Capital Sells 74 Land Tenders

• Sunday, 12th February 2017
• by Yasmin El-Beih

The Administrative Capital Company began offering terms and conditions of land tenders to real estate developers at their New Cairo office on February 12, EgyNews reports.

Electric Grids Undersea to Connect Egypt, Greece and Cyprus

• Friday, 10th February 2017
• by Yasmin El-Beih

EuroAfrica Interconnector project is to build an undersea electric cable aiming to link the electricity grids of Egypt, Cyprus, and Greece with the rest of Europe at a cost of EUR 3.5bn, AP reports.

EBRD Releases Its First Country Strategy For Egypt

• Thursday, 9th February 2017
• by Yasmin El-Beih

The European Bank for Reconstruction and Development (EBRD) released its first country strategy after taking the Board of Directors’ approval on February 8, Invest-Gate reports.

SODIC to Pump Capital For Employee Incentive Program

• Thursday, 9th February 2017
• by Yasmin El-Beih

Sixth of October Development and Investment Company (SODIC) is looking to increase its issued and paid-in capital by EGP 13.56 mn to EGP 1.37 bn to finance its employee incentive and bonus schemes, Borsa News reports.

Investors Request to Build 45 Factories in Luxor

• Thursday, 9th February 2017
• by Yasmin El-Beih

A number of investors have applied for the establishment of 45 factories in Al-Boghdady industrial zone in Luxor, MENA reports.

Egypt Begins Securing Land and Sea Ports

• Thursday, 9th February 2017
• by Yasmin El-Beih

Egypt is completing the first phase of nationwide efforts to secure land and seaports at a cost of USD 30 mn, Invest-Gate reports.

Several Developments Commence in East Port Said City

• Thursday, 9th February 2017
• by Yasmin El-Beih

A contracting company will be implementing corniche road in East Port Said City extending on 14 km long alongside its inner roads, Invest-Gate reports.

GAFI: Over 1400 Companies Established with EGP 2.6 bn Capital

• Thursday, 9th February 2017
• by Yasmin El-Beih

A total of 1445 companies have been established with a total capital of EGP 2.6 bn in January 2017 alone, Invest-Gate reports.

Remittances Rise 11.8% Q-o-Q to USD 4.6 bn

• Wednesday, 8th February 2017
• by Yasmin El-Beih

Egyptians abroad transferred USD 4.6 bn to Egypt in Q4 of 2016, marking an 11.8% y-o-y increase, Invest-Gate reports.

Egypt to Add Power Plants to Enhance Electricity

• Wednesday, 8th February 2017
• by Yasmin El-Beih

Three power plants are currently being constructed in Beni Suef, El Borloss, and the New Administrative Capital to provide fuel worth of USD 1 bn per annum and boost the electricity, Invest-Gate reports.