Swiss-Belhotel Signs Agreement with Marseilia to Manage New Hotel

• Friday, 28th April 2017
• by Nayrouz Talaat

The global hotel management company Swiss-Belhotel International has signed an agreement with Marseilia Egyptian Gulf Real Estate Investment to operate a new hotel in Sidi Abd El Rahman Bay on the north coast of Egypt, Invest-Gate reports.

Emaar Misr’s Profits Up by 72% y-o-y in Q1

• Thursday, 27th April 2017
• by Yasmin El-Beih

Leading real estate developer Emaar Misr for Development posts 72% y-o-y increase in profits during Q1 of 2017, Invest-Gate reports.

Prime Minister: New Investment Law to be Issued in May

• Thursday, 27th April 2017
• by Yasmin El-Beih

A new investment law is expected to be issued in May as part of the country’s basket of economic reforms, Egynews reports.

Over 200,000 Homes completed nationwide over past two years

• Thursday, 27th April 2017
• by Yasmin El-Beih

Approximately 212,000 residential units have been completed and 288,000 more units are currently under construction alongside a plan for an additional 100,000 units, Invest-Gate reports.

Saudi Fund for Development Pledges Resumption of Infrastructure Projects in Egypt

• Wednesday, 26th April 2017
• by Nayrouz Talaat

The Saudi Fund for Development (SFD) is pledging full commitment to resuming its infrastructure projects in Egypt, Invest-Gate reports.

Arab Tourism Contributes by 36.3% to Egypt’s Tourism Industry

• Wednesday, 26th April 2017
• by Nayrouz Talaat

Arab tourism to Egypt accounts for 36.3% of the country’s tourism industry, Invest-Gate reports.

Gov’t to Build 10 New Commercial Markets in New Sohag City

• Wednesday, 26th April 2017
• by Fatma Khaled

The government is due to build 10 new commercial markets in New Sohag City, Southern Egypt as part of the the government-run residential project Dar Misr for middle-income citizens, Invest-Gate reports.

Gov’t Seeks to Salvage Fourteen Stalled Projects

• Wednesday, 26th April 2017
• by Fatma Khaled

The government is seeking to salvage fourteen projects worth EGP 4 bn which were stalled due to ministerial orders and lack of financing, Invest-Gate reports.

Novus Stanza to Offer Feasible Payment Plans for its Project in New Cairo

• Wednesday, 26th April 2017
• by Fatma Khaled

Egypt’s real estate developer Novus Stanza is providing feasible payment methods for special locations in New Cairo’s Golden Heights, Invest-Gate reports.

AIIB To Fund Egypt’s Basic Infrastructure

• Tuesday, 25th April 2017
• by Leena ElDeeb

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operations, including Egypt, Invest-Gate reports.