Saudi Arabia Adds $50Bn Diriyah Project to PIF’s Portfolio

The project is important to Saudi history, heritage, and culture. It has a total cost of around $50 bn.

Magnom Properties Announces Plans for Sustainable Developments in Saudi Arabia

The new developments are set to be focused on the commercial and retail sectors and cater to sustainability best practices based on Saudi Arabia’s 2030 Vision.

VOX Cinemas Launch Sensory Friendly Screenings

VOX Cinemas in Egypt introduce Sensory Friendly Screenings, a unique cinema experience designed to make moviegoing more inclusive and accessible, Invest-Gate reports.

Saudi Arabia Releases 3,181 New Contracts for Residential Plots

Saudi Arabia has issued a total of 3,181 new contracts for residential plots in December 2020 under its Sakani Housing project

GCC Investors Seek to Develop Cairo, Sphinx Airports: Minister

Minister of Civil Aviation Mohamed Manar said some Saudi and Kuwaiti investors are keen to compete for cargo village and logistic projects at Cairo International Airport (CAI) and Sphinx International Airport (SIA ...

Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers

Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despi ...

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).

GCC Records USD 5.5 bn New Projects in April

GCC has witnessed the release of USD 5.5 bn worth of new projects in April, primarily driven by Saudi Arabia which contributed to 67% of the total value of additions.

Middle Eastern Funds to Increase Investments in Egypt

Middle Eastern fund managers plan to raise their investments in Egypt in the second quarter of 2020

Saudi Arabia to Isolate Dammam Over Coronavirus

Saudi Arabia will isolate the industrial area of Dammam from May 3, preventing entry and exit until further notice, to curb the spread of the new coronavirus, state news agency SPA reports.

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