Investments

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.

CTP company to pump new investments in Egypt between $300-600M over 5 years

Sun, 14 Feb 2021 - 02:43 GMT

Vos clarified that the investments would be through the establishment of two business complexes in Cairo on an area of ​​2 million square meters each, providing 14 thousand direct job opportunities.

CAPMAS: 10.7% increase in value of business sector's 2018-2019 under construction ventures

Sun, 14 Feb 2021 - 12:43 GMT

Net invested capital hit LE 558.1 billion in 2018-2019, in comparison to EGP 519.7 bn in 2017-2018, with a 7.4 percent increase, the CAPMAS' bulletin said.

Suez Canal Containers aims to invest $60M during 2021

Tue, 09 Feb 2021 - 03:55 GMT

Mukherjee clarified in a press conference that this comes to enhance the competitiveness of the container handling terminal at East Port Said Port.

Egypt gov't directs public investments worth LE500B during 2018/21

Mon, 08 Feb 2021 - 03:04 GMT

El-Saeed, affirmed her ministry’s keenness to direct public investments towards developing the infrastructure, especially the sectors of “transport, drinking water and sanitation, and electricity services.

Edita installs new wafer line with investment cost of LE 106M

Sun, 07 Feb 2021 - 12:49 GMT

According to the company’s statement, this line will enable it to double its wafer production capacity compared to the start of 2020.

Egypt invests LE 335M to develop Beni Suef’s power grid

Tue, 02 Feb 2021 - 02:42 GMT

Seven new dispensers were added, 196 new transformers were implemented, 129.5 MVA capacity were added, in addition to 161 metal kiosks, and 1768 medium voltage poles and 2495 low voltage poles were installed.

Egypt directs LE 15.7B investments to Suez Governorate during 2020/21

Sun, 31 Jan 2021 - 04:31 GMT

El-Saeed added Sunday that the number of development projects on the citizen's investment plan in the Suez governorate reached 163 projects

Egypt’s decision to decrease renewables’ price helps attract foreign, local investments

Wed, 27 Jan 2021 - 02:56 GMT

The price of a kilowatt/hour for the solar energy is now 2 cents, while the wind energy will charge 3 cents.

Misr Company for Entrepreneurship pumps LE104M in investments during 2020

Tue, 05 Jan 2021 - 01:23 GMT

These investments include LE 72.4 million direct investments in 6 companies and LE 31.4 million in indirect investments in a business accelerator.

Housing: Investments of separating industrial drainage from human worth EGP 1.5bn at Borg el Arab

Sat, 26 Dec 2020 - 11:28 GMT

The move is meant to fully capitalize on the treated drainage water and upgrade the quality of drainage system to collect rainfall and rationalize the consumption of pure water used in agriculture, added Gazzar.

Egyptian investors eye hiring law firm to represent investments threatened by Ethiopian conflict

Tue, 22 Dec 2020 - 02:44 GMT

A law firm will be hired to represent Egypt before international arbitration against the Ethiopian government to protect $10-million of Egyptian investments in the country.

Egyptian investors eye hiring law firm to represent investments threatened by Ethiopian conflict

Tue, 22 Dec 2020 - 02:43 GMT

A law firm will be hired to represent Egypt before international arbitration against the Ethiopian government to protect $10-million of Egyptian investments in the country.

COMESA: Egypt acquired 32 percent of investments in COMESA members states during 1st half of 2020

Wed, 25 Nov 2020 - 02:05 GMT

The report said Egypt implemented 32 projects inside the group's member states as a whole.

EGX attracts largest share of FDIs to Comesa markets

Tue, 24 Nov 2020 - 01:59 GMT

Egypt could attract about 38 percent of the FDIs, followed by Tunisia and Sudan with 9 and 8 percent, respectively, said the report.

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