Elsewedy Electric to Build EGP 355.5 mn Substation in Sadat City

Elsewedy Electric's unit Elsewedy Electric for Trading and Distribution has announced an EGP 355.5 mn engineering, procurement, and construction (EPC) contract to establish a new substation in Sadat City, northwes ...

Expo One to Launch 1st Virtual Property Show in Africa, MENA

Egypt's Expo One, in collaboration with Grand Technology, will kick off the "VEstate Expo 2020," bringing four quarterly live real estate exhibitions to present the first-of-its-kind virtual gateway in Africa and ...

Egypt Remains Africa’s Top FDI Recipient in 2019: UNCTAD

Egypt continues to be Africa’s largest recipient of foreign direct investment (FDI) flows in 2019, marking a 10.7% hike, despite the slump in FDI inflows to the entire continent to USD 45 bn (EGP 727.2 bn).

SODIC Sponsors 1st Special Olympics Pan African Games 2020

Sixth of October Development and Investment Company (SODIC) has been the exclusive real estate sponsor of the first-ever Special Olympics Pan African Games for 2020

EBRD Pumps EUR 5.3 bn in 99 Egyptian Projects

The European Bank for Reconstruction and Development (EBRD) is committed to increasing its investments in Egypt, pumping about EUR 5.3 bn (EGP 95 bn) through the development of 99 domestic projects.

Middle East, Africa Report Declines in Hotel Pipeline: STR

The US-based hospitality sector analytics provider STR announced a 5.7% year-on-year (YoY) dip in the volume of rooms in the underway projects' final phase in the Middle East region last October, with Egypt coming ...

Egypt Remains Africa’s Top FDI Recipient in H1: UNCTAD

Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced

Marriott Eyes 40 Africa Hotels by 2023

Marriott International is set to reinforce its commitment to Africa by eyeing the addition of 40 new properties and over 8,000 rooms across the continent by the end of 2023, driven by strong demand and steady grow ...

Egypt Ranks No.1 Investment Destination in Africa: RMB

Egypt has topped the list of most attractive African countries to invest in for the third consecutive year, based on South Africa’s Rand Merchant Bank’s 2020 investment report, due to be published next January

Elsewedy Electric, Toyota to Build 2 Solar Plants in Zambia

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, inked a contract with Toyota Tsusho Corporation on August 28 to jointly design and construct two 50-megawatt photovoltaic power pl ...

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