Infinity Towers for Urban Developments Assigns Savills to Manage Infinity Tower project in NAC

Infinity Tower, one of Egypt’s tallest skyscrapers, is set to be completed in three phases by the end of 2024 with a total investment of EGP 2.5 bn.

Elsewedy Electric Unit Inks Deal for CFC Podium 2

Elsewedy Electric said its subsidiary Rowad Modern Engineering (RME) has signed an EGP 638.4 mn contract with Al Futtaim Commercial and Administrative Centers (AFCAC) for building and engineering works of office b ...

EALB, EFG Hermes Ink Deal to Support Small Businesses

The Egyptian Arab Land Bank (EALB) and EFG Hermes Leasing are signing an agreement to provide leasing solutions for fixed assets to small businesses, Invest-Gate reports.

Drake & Scull Unit Wins Business Bay Tower Deal

Drake and Scull International, a regional market leader in engineering and related services, confirms that its subsidiary, Gulf Technical Construction Company (GTCC), has been awarded a USD 47.64 mn contract to build ...

Egypt Signs USD 1.24 bn Light Rail Deal with AVIC

Two Chinese state companies sign a USD 1.24 bn deal with Egypt to build a light rail system around Cairo, Xinhua reports.

Nakheel to Award Construction Deal for Dragon Towers By Year-End

Dubai-based developer Nakheel expects to award a contract for the construction of a twin-building residential complex at Dragon City community in Dubai by the end of 2017, Invest-Gate reports.

Deal to Clear Dabaa Land Plot of Landmines

Minister of Investment and International Co-operation Sahar Nasr signs a protocol of cooperation with Minister of Electricity Mohamed Shaker to clear a plot of land, dedicated to the nuclear power plant in Dabaa, of ...

Bombardier to Build Egypt’s New Metro Line with USD 4bn

Egypt is signing a memorandum of understanding with Canadian plane and train manufacturer, Bombardier Inc., to finance and construct Cairo’s sixth metro line, with an initial cost estimated at USD 4 bn, Invest-Gate r ...

Al-Futtaim Signs Deal with Four Banks to Conclude Phase II of Cairo Festival City

Dubai-based leading real estate developer, Al-Futtaim Properties, signs an agreement with four banks to borrow EGP 125 bn (USD 69.9 mn) and finance part of the second phase of a giant project east of Cairo, Invest-Ga ...

Orascom Construction to Build Power Plant worth USD 100 mn

Egypt’s contractor Orascom Construction Limited (OCL) wins a deal to build a new power plant, Invest-Gate reports.  

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