Signify, Gila Al Tawakol Electric Join Forces to Launch Regional Manufacturing Center in Egypt with Investments Reaching $100 Mn

Signify (formerly Philips Lighting), the global leader in the lighting industry, has announced a strategic partnership with Gila Al Tawakol Electric, a manufacturer and distributor of high-quality electrical produ ...

Egypt Removes Limits to Foreigners’ Ownership of Land, Properties

President Abdel Fattah El-Sisi issues a decree authorising the Ministry of Justice to draft a set of legislative amendments required to overcome restrictions related to land ownership for foreigners, Invest-Gate r ...

Egypt Gets Almost USD 2.7 bn in Funding for Sinai Development in 2020

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 Begins Delivery of New Cairo’s Fifth Square Phase I

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).

GCC Investors Seek to Develop Cairo, Sphinx Airports: Minister

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 Electric Receives High-Level Delegation From Business France

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 Ramad ...

Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat

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 whi ...

WB Sees Egypt Region’s Top Remittance Recipient in 2020

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.

CFC Club Comes to Light Exclusively at Cityscape Egypt

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 ...

Siemens Opens New Smart Clinic in Qalyubia

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, ...

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