Egypt to Net USD 9.1 bn Under US Mideast Peace Plan

Egypt is expected to net as much as USD 9.1 bn worth of investments as part of the White House's USD 50 bn Middle East economic plan, which calls for the development of a global investment fund to uplift the Pales ...

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.

Sawiris Plans for USD 2 bn Tourism Projects in North Coast

Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemen ...

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

Communications Ministry to Develop Technological Zone in Maadi

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has issued a decree to authorize the communications ministry to establish a 75-acre technological area in Maadi, south Cair ...

EFG Hermes Leasing, HSBC Egypt Team Up to Finance SMEs’ Capital Expansions

EFG Hermes Leasing, a subsidiary of Egypt's investment bank EFG Hermes, has signed a cooperation agreement with HSBC Bank Egypt to provide small- and medium-sized enterprises’ (SMEs) with EGP 400 mn in leasing and ...

Egypt, Germany Sign Cooperation Agreements Worth EUR 150.5 mn

Egypt and Germany signed on December 23 two agreements worth EUR 150.5 mn for the technical and financial cooperation between the two countries

Oriental Weavers to Build New Industrial City in Ain Sokhna

Egypt-based Oriental Weavers Company has begun constructing a new industrial city in Ain Sokhna "Masnaay," to be developed and managed by its subsidiary Orientals for Industrial Development and would cater to both ...

SMEs Win 50% of Expo 2020 Dubai’s 2017 Contract Awards

Small- and medium-sized enterprises (SMEs) receive more than 50% of the contract awards related to Expo 2020 Dubai as of June this year, Invest-Gate reports.

Gov’t Revives Investment Zones to Support Small-, Medium-sized Enterprises

The government sets out a plan to revive a host of investment zones in Giza, Daqahliyah and Qalyubiyah for small- and medium-sized enterprises in efforts aimed at supporting young people, Invest-Gate reports.

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