Egypt Allocates Lands to Farmers, Investors in NECD Project

Several lands will be allocated and dedicated to farmers and investors in Toshka, Farafra and El Maghara areas as part of the New Egyptian Countryside Development (NECD) project, Invest-Gate reports.

Blue Stars for Touristic Investment Sales Hit EGP 82 mn in Q1 2017

Egypt’s Blue Stars for Touristic Investment announces the selling of 92 hotel units in Oyster Bay tourist project in Marsa Allam on the Red Sea, at a total amount of EGP 82 mn, during the first quarter of 2017, Inves ...

WB Plans to Disburse 3rd Tranche of Loan by Dec

The World Bank (WB) is planning to provide Egypt with the third tranche of its USD 3 bn loan program by December, Invest-Gate reports.

South Korea’s GS Establishing Largest Petrochemicals Factory in Egypt

South Korea’s conglomerate GS is establishing the largest petrochemicals factory in Egypt at a total cost of USD 3.7 bn, Invest-Gate reports.

Egyptian Slums to be Replaced with 180,000 Homes

Approximately 180,000 housing units will be finalized by 2018 and offered to the residents of unsafe slum areas nationwide, Invest-Gate reports.

EU Honors Egyptian Projects on Water Conservation

The European Union has shortlisted three Egyptian teams who presented three projects during the final ceremony of the "National Youth Competition for the Development of a Water Conservation Public Awareness Campaign" ...

Prime Minister: New Investment Law to be Issued in May

A new investment law is expected to be issued in May as part of the country’s basket of economic reforms, Egynews reports.

Saudi Fund for Development Pledges Resumption of Infrastructure Projects in Egypt

The Saudi Fund for Development (SFD) is pledging full commitment to resuming its infrastructure projects in Egypt, Invest-Gate reports.

Arab Tourism Contributes by 36.3% to Egypt’s Tourism Industry

Arab tourism to Egypt accounts for 36.3% of the country’s tourism industry, Invest-Gate reports.

AIIB To Fund Egypt’s Basic Infrastructure

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operatio ...

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