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.

Giza to Prepare for Construction of Fourth Metro Line

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

Maintenance works are being carried out on several roads in Giza in preparation for the construction of a metro station in Al Ahram Street on the fourth metro line, Invest-Gate reports.

375 Decrees Against Construction Violations Imposed, Obour City

• Tuesday, 7th February 2017
• by Farah Montasser

Obour City’s apparatus to enforce law against illegally built residential units, shops, and lands

Local Contractors to Execute Governmental District, Administrative Capital

• Tuesday, 7th February 2017
• by Farah Montasser

As the Egyptian-Chinese agreement to build the governmental district at the Administrative Capital failed, Egyptian contracting companies set foot into the New Capital to implement the project