AfDB Extends EUR 225 mn for Egypt’s Power Industry, Economic Growth

The African Development Bank Group (AfDB) will grant EUR 225 mn (EGP 4.1 bn) in financing to Egypt’s Electricity and Green Growth Support Program (EGGSP), in a bid to provide necessary funds to combat the pandemic ...

Gov’t Offers 768 Social Housing Units for COVID-19 Care

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the provision of 768 social housing units in Minya and Fayoum as temporary isolation housing or wards for Coronavirus patients.

Invest-Gate Wraps Up Recommendations for ‘New Real Estate Product’ VRT

Invest-Gate concluded its second virtual roundtable on June 15, called the “New Real Estate Product," and crowned it with success after marking a new era of bulletproof development, fully responding to consumer ne ...

Invest-Gate Hosts ‘New Real Estate Product’ VRT to Give Fresh Impetus on Market Revival

While continuing to march forward in response to the unprecedented changes in the business climate amid the Coronavirus woes, Invest-Gate hosted its second virtual roundtable on June 15, titled the “New Real Estat ...

Egypt Earmarks EGP 8.5 bn to Build 13 Industrial Zones for SMEs

Minister of Planning and Economic Development Hala El Saeed said the government has ratified the allocation of EGP 8.5 bn for the establishment of 13 industrial zones nationwide to support small- and medium-sized ...

DM Development Posts 60% of Target Sales Despite Coronavirus Woes

Egypt-based DM Development has managed to log 60% (or EGP 150 mn) of its targeted sales for “The Groove” project in Ain Sokhna in Q1 2020, aiming to seal deals worth EGP 1 bn by year-end.

Orascom Construction Posts USD 599.2 mn New Awards in Q1 2020

Orascom Construction (OC) has reported consolidated new awards of USD 599.2 mn (EGP 9.5 bn) in Q1 2020, compared to USD 480.7 mn (EGP 7.6 bn) in the corresponding period last year.

GCC Records USD 5.5 bn New Projects in April

GCC has witnessed the release of USD 5.5 bn worth of new projects in April, primarily driven by Saudi Arabia which contributed to 67% of the total value of additions.

SODIC Equips 3 Hospitals to Scale Up Coronavirus Readiness

In cooperation with Egypt's Ministry of Health, Sixth of October Development and Investment Company (SODIC) has equipped three public hospitals nationwide, in an attempt to make more room for COVID-19 patients.

Invest-Gate Releases Recommendations for Smart Real Estate Market Post-Pandemic

Invest-Gate wrapped up its first virtual roundtable on May 17, titled “Smart Real Estate Market Amid COVID-19,” tapping the knowledge and experience of local real estate gurus and creating a blueprint of smart sol ...

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