Egypt teamed up with several international financial institutions for financing several development projects in the Sinai Peninsula, at a combined value of almost USD 2.7 bn (EGP 42.4 bn), in 2020.

Al Marasem International for Development has commenced deliveries at the first phase of its New Cairo project, or "Fifth Square," featuring a total of 576 fully-finished residential units (42 buildings).

Minister of Civil Aviation Mohamed Manar said some Saudi and Kuwaiti investors are keen to compete for cargo village and logistic projects at Cairo International Airport (CAI) and Sphinx International Airport (SIA).

Elsewedy Industrial Development, a subsidiary of Egypt-based cable maker Elsewedy Electric, has received a high-level delegation from Business France, to visit one of the former company’s projects in 10th of Ramadan City, Sharqia Governorate.

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.

The World Bank (WB) foresees Egypt to become the top recipient of remittances at a value of USD 24.4 bn (EGP 382.2 bn) across the MENA region in 2020.

Cairo Festival City (CFC), one of Al Futtaim Group's developments in Egypt, launched CFC Club to provide the mixed-use urban community's residents and visitors with an array of sports and social activities, on the sidelines of the first day of Cityscape Egypt, which runs from November 4 to 7. 

Siemens AG and Siemens Energy AG, two independent companies rigorously focused on the energy sector, have inaugurated a smart clinic in Shubra El Kheima, Qalyubia, aiming to provide quality healthcare to about 15,000 patients a year.

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

The Holding Company for Tourism and Hotels (HOTAC) has opened the beach area of Steigenberger Hotel El Lessan Ras El Bar, following the completion of comprehensive development, with investments worth EGP 10 mn.