Minister: Government investments in 2019/2020 up by 26%

Thu, 03 Sep 2020 - 03:55 GMT

Saeed made the remarks during a weekly meeting of the cabinet.

Egypt seeks to increase Korean investments in state: Gov't

Tue, 01 Sep 2020 - 11:25 GMT

This came during Ma’it’s meeting with Hong Jin-wook, the new ambassador of South Korea in Cairo.

Egypt, Denmark sign partnership agreement to unlock green transformation, invest in renewable energy

Sat, 29 Aug 2020 - 09:57 GMT

Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, signed the Egyptian-Danish Energy Partnership Program (2019-2022) agreement with the Energy Agency of the Danish Ministry of Climate, Energy and Utilities, to unlock Egypt’s green transformation and invest in renewable energy.

EBA organizing first Egyptian-Bahraini digital investment forum on Sept. 8

Thu, 27 Aug 2020 - 11:33 GMT

The forum will tackle investment opportunities as well as means of promoting economic cooperation in the coming period.

Allocations for North Sinai investment plan reach LE 286.55: Governor

Tue, 25 Aug 2020 - 01:10 GMT

The funds for the basic investment plan were distributed on the basic development axes by LE 55.5 million for electricity, and LE 87.2 million for roads.

Egypt plans to invest LE3.5B in Cairo 4th metro line construction in FY2020/21

Tue, 04 Aug 2020 - 09:58 GMT

The government plans to invest LE3.5 billion in FY2020/2021 in the construction works of the first phase of the fourth metro line.

Egypt's public investment in FY2020/21 is 'unprecedented': min.

Sun, 02 Aug 2020 - 11:38 GMT

The aim of such investment is creating job opportunities, and inhibiting economic slowdown amid the COVID-19 crisis.

Oil minister: Political, economic stability attracted investments to Egypt

Wed, 29 Jul 2020 - 01:51 GMT

He confirmed that the wise leadership of President Abdel Fattah El Sisi and economic reforms contributed to creating a suitable investment atmosphere.

GAFI executive director reviews future investment plans of Kraft Heinz in Egyptian market

Tue, 28 Jul 2020 - 04:03 GMT

The company's future strategies were shown to include pumping new investments in the Egyptian market exceeding LE 920 million in the coming five years with 14 new production lines covering the local demand and exporting purposes.

Investment costs of largest oil refining project in Upper Egypt estimated at $2.8B : Oil min.

Wed, 08 Jul 2020 - 11:20 GMT

The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.

Egypt's investment plan for tourism records LE5.2B in 2020/21

Tue, 07 Jul 2020 - 12:05 GMT

Tourism sector’s Investment plan during 2020/2021 declined 28.8 percent, recording LE 5.2 billion, down from LE 7.3 billion in 2019/2020.

Egypt acquires lion's share of investment deals in MENA

Mon, 06 Jul 2020 - 03:04 GMT

Investments in Middle East and North African startups jumped 35 percent during the first half of the year with companies in the United Arab Emirates raising the bulk of the funding.

PM reviews report on OECD Investment Policy Review of Egypt

Fri, 03 Jul 2020 - 01:29 GMT

Egypt's economic growth recorded an increase of 5.5% in 2019, the highest in a decade.

PepsiCo expands in Egyptian market, seeks to expand in North Africa

Sun, 28 Jun 2020 - 03:41 GMT

The company's activities are focused on the manufacture and export of crackers and soft drinks.

Egypt backs investments expansion of local, int'l companies in Egyptian market: Min.

Wed, 24 Jun 2020 - 03:26 GMT

The meeting tackled the company's current and future investments in the Egyptian market.

Petroleum minister: 12 new investment agreements worth $1B

Sun, 21 Jun 2020 - 12:20 GMT

The agreements are to be referred to the parliament for further discussions on required legal measures pertaining to bringing them into action.

Allocations for health sector in 2020/2021 investment plan hit LE 93.5B: minister

Wed, 17 Jun 2020 - 01:42 GMT

This came in a report prepared by the Planning Ministry on the state’s approach to develop the health sector in the country amid the impact of the novel coronavirus crisis.

SCZone's CEO outlines plan to attract further investments

Thu, 11 Jun 2020 - 01:13 GMT

The infrastructure developed at the SCZone has indeed helped lure investments, but the matter requires more billions of pounds to complete the infrastructure, he said.

Planning minister: Performance of Egyptian economy one of the best amid virus crisis

Thu, 04 Jun 2020 - 11:08 GMT

This came in a report published by the Ministry of Planning to give analysis on the development of some indices related to the economic and social performance during the third quarter of the current fiscal year 2019/2020.

GAFI, Samsung probe investing $23M in Egypt

Mon, 01 Jun 2020 - 09:51 GMT

Samsung will open a new production line to manufacture computer monitors in August. It also plans to pump investments worth $84 million in the coming five years.