Aslanov: Russian investments in Egypt hit $8B in 2020

Mon, 31 May 2021 - 04:45 GMT

Aslanov said on Monday that combined Russian investments in Egypt reached nearly $8 billion by the end of 2020, with special focus on energy.

Planning minister expects 2021-2022 investments to reach LE 1.2T

Sun, 30 May 2021 - 04:57 GMT

She expected the net value of foreign direct investments (FDIs) to reach seven billion dollars during the year of the plan, noting this way it should be approaching pre-Covid levels.

Sisi, French Finance Minister discuss maximizing France's investments in Egypt

Wed, 19 May 2021 - 02:51 GMT

President Abdel Fatah al-Sisi expressed his appreciation for the efforts of the French Ministry of Economy and Finance in boosting bilateral trade relations.

Egypt's targeted investments in transport sector hit LE245B during 2021/2022

Sun, 25 Apr 2021 - 03:21 GMT

This came during the Minister’s review of the objectives of the transport sector in 2021-2022, the draft sustainable development plan for the fiscal year 2021-2022.

Egypt's economic reform passes test of Covid-19: study

Thu, 22 Apr 2021 - 12:49 GMT

The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.

Haya Karima: LE 9.6 billion investments to be injected to develop 287 poor villages across Egypt

Sat, 17 Apr 2021 - 02:26 GMT

The villages, selected for this development phase of the initiative, experience above 68 percent of poverty rate.

Egypt is Building Back Better and More Resilient: Al-Mashat

Fri, 09 Apr 2021 - 03:36 GMT

Entering its third year, the Human Capital Project includes over 80 countries working to invest in human capital for a “green, resilient, and inclusive recovery," she said.

Reform is not Possible without Partnerships: Mashat in WB Annual G-24 Ministerial Meeting

Fri, 09 Apr 2021 - 03:30 GMT

“Collective global solidarity creates the necessary space for an inclusive and sustainable environment that is resilient to future shocks” said Al-Mashat.

Investments of Decent Life's 1st phase hit LE 7.5B

Thu, 01 Apr 2021 - 12:52 GMT

Ministry of Planning stated that the first phase of the Decent Life Initiative was launched at the beginning of the fiscal year 2019/2020, to cover the poorest 143 villages, followed by coverage of the poorest 232 villages in the year 20/2021, where 375 villages were covered with beneficiaries exceeding 4.7 million citizens.

Egypt-Kuwait Holding targets to invest $300M in 2 years

Wed, 24 Mar 2021 - 03:10 GMT

The new investments include $ 100 million to buy minority stakes in the subsidiary company, in addition to acquisitions and the establishment of new economic entities.

Egypt completes 127 projects in New Valley at investment cost of LE 3.3B

Tue, 16 Mar 2021 - 05:35 GMT

The "Follow-up of Citizen in the Governorates" report includes an inventory of the projects that were fully completed during the years (18 / 2019-19-2020) and linking them to the sustainable development goals.

JD Holding aims to invest LE 12B in Administrative Capital

Mon, 15 Mar 2021 - 04:32 GMT

Al-Eter added in a statement, Monday, that the company has proposed a 14-floor commercial and administrative medical tower project in the downtown at the administrative capital, with a total investment of LE4 billion.

Kuwaiti Modon intends to invest LE1B in hotel project in Administrative Capital

Mon, 15 Mar 2021 - 03:57 GMT

The company which is an Egyptian-Kuwaiti partnership, targets about LE 1.5 billion in sales from the project.

Saudi ElSharbatly Group intends to invest $ 2.5B in Egypt within 5 years

Mon, 15 Mar 2021 - 12:22 GMT

Hassan ElSharbatly explained that about $ 2 billion had been invested during the last 15 years of the company's work in Egypt, according to the government statement.

La Verde Developments aims to invest LE 1B in Egypt during 2021

Tue, 02 Mar 2021 - 03:48 GMT

Lashin added in a statement, that the company aims to achieve about LE 900 million in sales from its projects during the current year 2021.

Egypt implements 424 projects in Assiut during 19/20 with LE 17.5B investments

Sun, 21 Feb 2021 - 03:11 GMT

This came in the first issue of the "Follow-up to the Citizen Plan in the Governorates" report during the years (18 / 2019-19-2020), which includes an inventory of the projects that were fully completed during the same period, and linking them to the sustainable development goals.

LE3.6B pumped into Sinai development projects since 2014, says official

Sun, 21 Feb 2021 - 01:22 GMT

Head of the North Sinai Reconstruction Zone Nagi Ibrahim Mohamed said that such projects aimed at improving the living conditions of Sinai residents and establishing urban communities in the peninsula.

Italian investments in Dahshur gas station reach $25M

Tue, 16 Feb 2021 - 03:21 GMT

On the other hand, the Egyptian Natural Gas Company (GASCO), one of the companies in the petroleum sector, signed a contract to supply Dahshur 5 and 6 compressor units with a Spanish company.

Aldar Properties to invest in Egyptian real estate market in 2021

Tue, 16 Feb 2021 - 11:07 GMT

The company was seeking to enter the Egyptian market in 2020, but the coronavirus pandemic hindered this matter, and plans to enter it were postponed until this year.

Petroleum Ministry: BAPETCO & Rashpetco investments exceed $500M

Mon, 15 Feb 2021 - 01:22 GMT

Molla stressed the need to improve the health, safety and industrial security systems, while maintaining precautionary measures on all sites, a statement by the Petroleum Ministry said Monday.