Egypt’s Heliopolis for Housing and Development (HHD) is allocating EGP 50 mn from its investment budget for FY2017-18 to provide its land plot in New Cairo with basic facilities, Invest-Gate reports.
Swicorp, a leading CMA-regulated asset management, private equity, and investment banking firm, raises SR 152 mn for the establishment of Ewan Al-Maali Real Estate Development Fund, Reuters reports.
The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.
A Belarus delegation is expected to visit Egypt soon in order to scout investment opportunities in the New Administrative Capital, Invest-Gate reports.
The House of Deputies will review the New Investment Law No.8 of 2016, aiming to put an end to bureaucratic measures and attract additional investments to the country, today.
The General Authority for Investment (GAFI) says that 1,741 new companies were established last month with total investments worth EGP 3.6 bn, Invest-Gate reports.
Saudi Investor and owner of Ghasan Holding Group, Ghasan bn Abdallah bn Ali El-Nemr, is aiming to pump more investments in housing and tourist projects in Egypt, Invest-Gate reports.
Egypt’s prominent real estate developer Al-Ahly for Real Estate (Sabbour) is to invest 4 mn EGP in the country’s property market in 2017, Invest-Gate reports.
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