EBRD Extends USD 200 mn Facility to Boost Egypt’s Private Sector

The European Bank for Reconstruction and Development (EBRD) has granted a USD 200 mn (EGP 3.24 bn) financing package to the National Bank of Egypt (NBE) for trade and on-lending to local Coronavirus-hit companies. ...

EUR 41.5 mn German KfW Loan to Boost Egypt’s Vocational Education

Ministry of Education and Germany’s KfW Development Bank have agreed on EUR 41.5 mn (EGP 750.5 min) deal to boost and upgrade multiple vocational and applied technology education schools in Egypt.

Egypt Earmarks EGP 8.5 bn to Build 13 Industrial Zones for SMEs

Minister of Planning and Economic Development Hala El Saeed said the government has ratified the allocation of EGP 8.5 bn for the establishment of 13 industrial zones nationwide to support small- and medium-sized ...

Gov’t Builds 437,000 Housing Units in 2019: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.

Gov’t, Private Developers Annually Pump EGP 200 bn in Housing Industry

Egyptian housing ministry and private sector pump total annual investments of nearly EGP 200 bn in the construction and real estate investment sector, which significantly contribute to the growth of the local econ ...

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 ...

Samcrete Negotiates with 3 Foreign Firms to Run Pyramids Hospital 

Egypt-based Samcrete Development is currently negotiating with three international firms to run Pyramids Hospital in 6th of October City, west Cairo, with the company's name will be announced before year-end

Jadeer to Launch 2nd Phase of New Cairo’s Swara

Jadeer Real Estate Group aims to launch the second phase of its New Cairo mini-compound Swara next summer, after the complete sale of the project's first phase.

PPP Act Amendments Passed to State Council for Review

Egypt's finance ministry has finalized proposed amendments to few provisions of the public-private partnership (PPP) act, which were already ratified by the cabinet and passed to the State Council for legal review ...

Egypt Builders to Showcase Major Developments June 16

Egypt Builders - or "Bonat Misr" - is prepping to host its fifth annual conference on June 16, which will see the participation of a number of ministerial officials and over 800 executive leaders representing majo ...

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