Egyptian-Chinese Consortium to Build Ain Sokhna-Alamein Railway

An Egyptian-Chinese consortium has won a USD 9 bn (EGP 142.19 bn) tender for the design, finance, and operation of a high-speed rail, linking Ain Sokhna and New Alamein, with a speed of 250 kilometers per hour.

Minister Inaugurates HyperOne Branch in New Sphinx

Egypt's Minister of Supply and Internal Trade Ali Moselhy has officially inaugurated the newest 50,000-square-meter branch of retail chain HyperOne in New Sphinx, west Cairo, coming with investments valued at EGP ...

Isqan.com to Soon Digitize Property Shopping in Egypt

Isqan.com will soon launch to revolutionize the real estate shopping experience in Egypt by providing homebuyers with an integrated digital platform that will enhance their next property purchase.

MNHD Nods Total Egypt’s Land Rental Offer in Sarai

Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-sq ...

PM Forms 2 Ministerial Committees to Settle Investment Disputes

Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes.

Arkan’s Expansion Works to Conclude in Q1 2020: Savills

UK-based property advisor Savills Egypt has revealed that expansion works are underway at west Cairo's Arkan, bringing the mixed-use project's built-up area to 260,000 square meters by Q1 2020.

Egypt to Tender 182 Plots for SOEs Restructure

Minister of Public Enterprise Sector Hisham Tawfik has announced plans to sell 182 public lands to the private sector, whereas the proceeds will be utilized to help restructure state-owned enterprises (SOEs).

Gov’t to Sell 22-25% of Heliopolis Housing Shares in Q1: Minister

Public Enterprise Minister Hesham Tawfik said 22-25% of shares in Heliopolis Company for Housing and Development (HHD) will be offered on the Egyptian Stock Exchange (EGX) in the first quarter of 2020.

Tharaa Inks Deals to Lure Private Investments

Egypt's new sovereign wealth fund, Tharaa, has signed two separate cooperation agreements with the Ministry of Public Enterprise Sector and National Investment Bank (NIB) to maximize the utilization of the state's ...

GAFI Extends New Facilities in Mit Ghamr Investment Zone

The General Authority for Investment and Free Zones (GAFI) will extend new facilities to investors who earlier purchased the booklets of conditions for 107 specialized industrial units in Mit Ghamr Investment Zone ...

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