Investments in Shorouk City Touch EGP 3 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into Shorouk City mark about EGP 3 bn, stressing that 4,416 social housing units have been finalized, wit ...

New Investor Service Center Opens in Port Said

Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Qalyubia Awaits EGP 513 mn Water Projects

Qalyubia Governorate is witnessing the implementation of three potable water projects, with a total added capacity of 217,000 cubic meters per day, at a cost of EGP 513 mn

Nasser City Expects Over 3,000 Units Done in December

West Assiut's Nasser City will witness the finalization of 1,584 social housing units, together with 1,440 apartments in the city’s Sakan Misr medium-income project, by next December

K&A Named Advisor for Egypt’s USD 4.5 bn Monorail Project

Multidisciplinary design consultancy Khatib & Alami (K&A) has been named the lead government transaction advisor on the construction, financing, and operations of the planned USD 4.5 bn monorail project, linking e ...

Minya’s Samalout Axis to Open by Year-End

Minya's 24-kilometer-long Samalout Axis, which entails establishing 30 bridges and 17 tunnels, and is part of seven axes being carried out over the Nile River at a total cost of EGP 9.5 bn, is set to be finalized ...

Egypt Allots EGP 15.4 bn to Local Development in FY 2019/20

Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.

Scatec Solar Starts Commercial Operation for 5th Plant in Egypt

Scatec Solar has grid-connected and commenced commercial operation for its fifth 65-megawatt solar plant in Egypt, growing the Norwegian company’s total output nationwide to 325 megawatts.

Gov’t Implements EGP 473 mn Water Projects in Ismailia

Egypt’s housing ministry is implementing five new potable water and sanitation projects in Ismailia Governorate, with investments worth EGP 473 mn, aiming to suffice 260,000 locals.

Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various mega ...

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