Al Ahly for Real Estate Development Unveils New Project

• Sunday, 27th August 2017
• by Farah Montasser

Egypt’s Al Ahly for Real Estate Development announces its latest project in partnership with Al Mostakbal City

Egypt targets 5% GDP growth by end of 2017-18

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Egypt expects its gross domestic product to grow by 5% by the end of FY2017-18,  Invest-Gate reports.

Egypt Gets USD 116 mn from EBRD to Build Two Power Plants 

• Wednesday, 23rd August 2017
• by Menna A. Farouk

The European Bank for Reconstruction and Development (EBRD) and Proparco grant Egypt a loan worth USD 116 mn to build two power plants, Invest-Gate reports.

Sodic H1 Revenue Jumps 88% to USD 66 mn

• Monday, 21st August 2017
• by Menna A. Farouk

Egyptian real estate developer Sodic posts a revenue of EGP 1.17 bn (USD 65.9 mn) during the first half of the fiscal year 2017/2018, reflecting a year-on-year (y-o-y) increase of 88%, Invest-Gate reports .

Egypt, AFDB Discuss Program to Support Infrastructure Projects

• Sunday, 20th August 2017
• by Menna A. Farouk

The Egyptian government is in discussions with the African Development Bank (AFDB) for a program worth USD 3 bn planned for 2015-2019, aiming to support Egypt's infrastructure projects, Invest-Gate reports.

Egypt Signs USD 1.24 bn Light Rail Deal with AVIC

• Wednesday, 16th August 2017
• by Menna A. Farouk

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

WB Team to Visit Egypt Aug 20 for Loan Discussions

• Wednesday, 16th August 2017
• by Menna A. Farouk

A World Bank delegation is to visit Egypt on August 20-24 to reimburse the third tranche of a loan that aims at supporting Egypt's social and economic development program, Invest-Gate reports.

Egypt Decreases Period To Obtain Industrial License

• Monday, 14th August 2017
• by Menna A. Farouk

The Egyptian government announces executive regulations for a new industrial licensing law to decrease the waiting time for new projects, Reuters reports.

Hilton Worldwide Plans to Expand in Egypt

• Thursday, 10th August 2017
• by Menna A. Farouk

Hilton Worldwide plans to nearly double the number of its hotels in Egypt within the next seven to 10 years as tourism returns to its levels, Reuters reports.

Egypt Ranks Second Fastest Growing Tourism Market Globally

• Wednesday, 9th August 2017
• by Farah Montasser

Egypt ranks the world’s second fastest growing tourist destinations in 2017, Invest-Gate reports