Egypt Lays Cornerstone for Monufia’s 1st Logistic Zone

Minister of Supply and Internal Trade Ali Meselhy has laid the foundation stone for the first logistic zone in Monufia Governorate, dubbed "Delta Landmark," which will be developed with investments worth EGP 2 bn

Majid Al Futtaim’s Investments in Egypt Hit USD 2.6 bn

Abdullah Al Nokrashy, regional manager of UAE's retail developer Majid Al Futtaim, has revealed that the group's total investments in Egypt stand at USD 2.6 bn (EGP 41.95 bn)

Six Provinces to See EGP 113.3 mn Infrastructure Development Projects

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investm ...

KSA Signs EGP 125 mn Grants to Brace Egyptian SMEs

Egypt's Minister of Investment and International Cooperation Sahar Nasr has inked three EGP 125 mn grants with the Saudi Fund for Development (SDF), in a bid to boost financial leasing for small- and medium-sized ...

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

GAFI Plans to Establish 12 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently studying the establishment of 12 new investment zones in a number of governorates in Egypt

Amer Group to Open Porto Said’s Hotel in Q1 2019

Egypt's property developer Amer Group Holding announced on February 14 that it plans to open a 5-star hotel, as part of its mixed-use development project, Porto Said, during the first quarter of 2019

GAFI Eyes Establishing 19 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently considering the establishment of 19 new free zones, in some governorates which will contribute towards boosting investor services in Egypt

Egypt, KSA Ink Deal for Young Entrepreneurs in Tourism Field

Tourism Minister Rania Al Mashat has inked a deal with President of the Saudi Commission for Tourism and National Heritage (SCTH) Prince Sultan bin Salman bin Abdul Aziz on supporting the Arab young entrepreneurs ...

Egypt Receives Third, Final USD 1.15 bn of World Bank’s USD 3.15 bn Loan

The bank’s board of executive directors had approved the disbursal in December, to conclude a series of three annual loans issued by the bank to Egypt between 2015 and 2017, in efforts to support the country’s eco ...

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