GAFI Ratifies USD 1.1 bn New Projects in 9M

The General Authority for Investment and Free Zones (GAFI) signed off on the execution of 31 new investment projects across Egypt during the first nine months of 2020, at a total cost of USD 1.1 bn (EGP 17.2 bn). ...

TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madi ...

IsDB Provides USD 16.6 bn to Finance 395 Egyptian Projects

The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).

ACUD Agrees to Develop Foreign-Funded Project in NAC

Egypt's Administrative Capital for Urban Development (ACUD) and Alliance World Wide Consortium (AWWC) have inked a Memorandum of Understanding (MoU) to develop a fully foreign-funded investment project in the New ...

NUCA Assists Building 109 Urban, Service Projects in 17 New Cities

The New Urban Communities Authority's (NUCA) planning and projects sector has facilitated the promulgation of ministerial approvals for the implementation of about 109 urban and service investment projects across ...

Egypt, UAE Release USD 200 bn Joint Strategic Investment Platform

Egypt and the UAE have agreed to establish a USD 20 bn (EGP 322.6 bn) joint strategic investment platform, funded equally by the state-run Abu Dhabi Development Holding Company (ADDHC) and the Egyptian newly-intro ...

Meraas, Brookfield Form AED 5 bn Retail JV

Dubai-based Meraas Holding has entered an AED 5 bn joint venture (JV) with Canada’s Brookfield Asset Management to jointly own and operate the latter developer's retail assets across the GCC region.

GAFI Tenders 107 Projects in Mit Ghamr Investment Zone

Egypt's General Authority for Investment and Free Zones' (GAFI) board has approved tendering 107 new metallurgy projects in Mit Ghamr Investment Zone, Dakahlia Governorate, providing about 2,000 new job opportunit ...

ECB Inks Deal to Supervise Al-Futtaim’s Oriana Residence

Egypt's Engineering and Consulting Bureau (ECB) has contracted with UAE-based Al-Futtaim Group Real Estate to supervise the implementation of the latter's Oriana Residence in Cairo Festival City, east Cairo.

Egypt, DLD Sign Cooperation Protocol to Promote Real Estate Investment

The Real Estate Development Chamber at Federation of Egyptian Industries (FEI) has signed a cooperation protocol with Dubai Land Department (DLD) on the sidelines of International Property Show (IPS) Egypt, to pro ...

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