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Investment News in Egypt

Egypt Signs MoU to Build Power Plant in Red Sea
3/15/2015 - Electricity Minister Mohamed Shaker witnessed on 14/3/2015 the signing ceremony of a memorandum of understanding between the Egyptian Electricity Holding Company and Orascom and IPEC companies.
New Suez Canal to be Finalized in August
3/15/2015 - Chairman of Suez Canal Authority Mohab Mamish stressed on 15/3/2015 that the new Suez Canal will be finalized in August, the deadline President Abdel Fattah El Sisi set at launching the project.
Egypt Inks MoU to Establish Urban Project
3/15/2015 - Housing Minister Moustafa Madbouli said the Housing Ministry signed on 15/3/2015 a memorandum of understanding (MoU) with the consortiums of Saudi Seaspan and Egyptian Mountain View companies.

...
Consultancy Office for Ethiopian Dam to be Named in Days
3/15/2015 - Minister of Irrigation Hossam Moghazi asserted that an agreement has been reached to determine one or two consultancy offices that will conduct a technical study on the impact of the Ethiopian renaiss...
UAE’s Arabtec Agrees to Egyptian Gov’t Terms to Carry out Housing Project
3/15/2015 - Housing Minister Mostafa Madbouli said that UAE's Arabtec agreed to the Egyptian government's terms on the implementation of the one-million housing units project.

The signing of the agreem...
Chinese Company to Set up 2,100 megawatt Pumped-storage Plant in Ataka Mount
3/15/2015 - The Electricity Ministry signed a framework agreement with Sinohydro, a Chinese state-owned hydropower engineering and construction company, to set up a 2,100 megawatt pumped-storage hydro plant in At...
UAE to Establish Coal-operated Power Plant in Oyoun Moussa
3/15/2015 - Minister of Electricity and Renewable Energy Mohamed Shaker and Hussein Al Nowais of Al Nowais Investments, on 15/3/2015 attended the signing ceremony of an agreement to purchase energy from a coal-op...
Investment Ministry, Suez Canal Authority Sign MoU on Fringe of EEDC
3/15/2015 - Minister of Investment Ashraf Salman and Head of the Suez Canal Authority Mohab Mamish signed a memorandum of understanding whereby the investment ministry will promote the economic zone projects set ...
EJB, Siemens Sign Initiative to Combat Corruption
3/15/2015 - UN Industrial Development Organization (UNIDO), The Egyptian Junior Business Association (EJB) in cooperation with Siemens Company announced signing an initiative to combat corruption in business envi...
Committee Formed to Re-employ Egyptians Coming back from Libya
3/15/2015 - Manpower Minister Nahid Ashri has formed a crisis management committee that will be entrusted with providing jobs to the Egyptian workers returning from Libya.

Ashri will chair the committe...
Egypt’s Financial Supervisory Body Develops Pensions Funds
3/15/2015 - The Financial Supervisory Authority, the body in charge of organizing the legislation governing the non-banking financial markets, plans to develop the pensions and insurance funds that spend around 1...
Mounir Fakhry Abdel Nour Holds Talks on Sidelines of Sharm Conf.
3/15/2015 - Minister of Industry and Trade Mounir Fakhry Abdel Nour held a series of meetings with foreign officials participating in Egypt Economic Development Conference.

Abdel Nour met with Chinese ...
Egypt Signs 2 Deals with International Consortiums for Solar Power Generation
3/15/2015 - Egypt signed on 15/3/2015 two memorandums of understanding with two international consortiums for solar power generation.

The move came on the sidelines of Egypt Economic Development Confer...
MoU for Economic Coop. between Egypt, UAE, France
3/17/2015 - A Memorandum of Understanding (MoU) was signed for economic cooperation between Egypt, the UAE and France on the sidelines of the Egypt Economic Development Conference (EEDC).

According to ...
EEDC Results: WB Doubles Investments in Egypt
3/17/2015 - The World Bank (WB) doubled its investments in Egypt to hit USD1.200 billion per year, said WB Vice President for the Middle East and North Africa Hafez Ghanem.

Ghanem's remarks came on 16/...
Egypt, Swiss Officials Discuss Bilateral Ties
3/17/2015 - Minister of Industry and Trade Mounir Fakhry Abdel Nour met the Swiss economic representative on 16/3/2015.

They discussed ways to boost bilateral ties especially the economic ones. They sa...
Irrigation Minister: Protocols Signed with 19 Investors for 600,000 feddans
3/17/2015 - Irrigation Minister Hossam Moghazi said on 16/3/2015 protocols have been signed with 19 investors during Egypt Economic Development Conference (EEDC) for about 600,000 feddans.

In a meeting...
Negotiations with WB on $500m Loan Finished
3/21/2015 - Housing Minister Moustafa Madbouly announced on 21/03/2015 that negotiations were complete with the World Bank (WB) to obtain a 5-year loan at the value of USD 500 million to support the comprehensive...
China Welcomes Egypt’s Bid to Join AIIB
3/31/2015 - China welcomed on 30/3/2015 Egypt's bid to join the Asian Infrastructure Investment Bank (AIIB) one day before a deadline to join the bank as a founding member.

Egypt will become a founding...
56 Agreements Signed to Explore Petroleum, Gas in Egypt
4/7/2015 - The Petroleum Ministry has signed 56 agreements to explore gas and oil from November 2013 until March 2015 with total investments of 12.1 billion dollars, said Petroleum Minister Sherif Ismail.

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