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Investment News in Egypt

Ibrahim Mahlab Reviews one-million-feddan Development Project
4/15/2015 - Prime Minister Ibrahim Mahlab held a meeting on 14/4/2015 on the one-million-feddan development project attended by the ministers of planning and housing to review the various aspects of the project w...
Egypt, WB Sign Cooperation Agreement
4/18/2015 - International Cooperation Minister Naglaa el Ahwany signed a memorandum of understanding with World Bank (WB) Vice President for the Middle East and North Africa region Hafez Ghanem.

The ag...
Global Grains Company Seeks Investment in Logistics Centre
4/18/2015 - A global company expressed interest to invest in the logistics center of Damietta, which will be established soon to turn Damietta Port into an international logistics hub for the trade of grains, sai...
Ibrahim Mahlab: We Seek Creating Investment-Attractive Environment
4/27/2015 - Prime Minister Ibrahim Mahlab met on 26/4/2015 with a delegation of the Union of Arab Banks in the presence of International Cooperation Minister Naglaa Al-Ahwany.

During the meeting, Mahla...
40 Vessels Transit Suez Canal
5/5/2015 - Forty ships transited the Suez Canal on 4/5/2015, carrying a total cargo of 2.846 million tons.

The south-bound convoy included 30 vessels carrying 2.279 million tons, while the north-bound...
Sisi Meets Mamish on New Suez Canal Project
5/18/2015 - President Abdel Fattah El Sisi met on 17/5/2015 with Chairman of the Suez Canal Authority Mohab Mamish as they discussed the work progress in the new Suez Canal project.

During the meeting,...
EGP 3.8 billion Egyptian-US Investments in Pharmaceutical Industry
5/22/2015 - A group of the Egyptian-US investors is currently preparing to pump fresh investments in pharmaceutical industry during the coming period with the value of nearly USD 500 million (an equivalent of EGP...
Petrochemicals Project in Gulf of Suez with USD 7.5 billion Investments
5/22/2015 - Minister of Investment Ashraf Salman met with representatives of the US imports and exports bank, representatives of the Korean imports and exports bank and a number of US, Italian and Korean financia...
EGP 435 billion in New Budget to Improve Life of Citizens
5/22/2015 - An increase in the budget allocated for achieving social justice reflects the government’s desire to make progress in this file, said Prime Minister Ibrahim Mahlab.

Mahlab made the remarks ...
56 Drinking Water Projects Completed
5/30/2015 - Housing Minister Mostafa Madbouly discussed providing drinking water to a number of Egyptian governorates as the country is currently approaching the summer season and the holy fasting month of Ramada...
Ashraf el Araby: Amlak Fund to Start with EGP 5bn Capital
6/12/2015 - The new sovereign wealth fund “Amlak” will start with a capital of EGP five billion as of the new fiscal year 2015-2016, Planning Minister Ashraf el Araby said.

Speaking to the Middle East ...
Ibrahim Mahlab Inaugurates Agro-Exports Compound in Luxor
6/12/2015 - Prime Minister Ibrahim Mahlab on 11/06/2015 inaugurated a compound to pack and refrigerate agricultural exports in the Upper Egyptian city of Luxor.

Mahlab inaugurated the project on the si...
Mahlab: Government Keen to Support Serious Investors
6/12/2015 - Prime Minister Ibrahim Mahlab stressed on 11/06/2015 the government's full support for serious investors through providing all facilitations to help companies carry out their expansion plans and to in...
Egyptian Cabinet Approves Granting SCA Right to Establish Companies
6/12/2015 - The Cabinet, during a meeting on 11/06/2015, has approved a draft law amending Law No. 124/1963 granting the Suez Canal Authority the right to establish joint stock companies.

The draft law...
Egyptian Cabinet Approves SWF to Promote Egypt’s Wealth
6/12/2015 - The Cabinet has approved a proposal to establish a Sovereign Wealth Fund (SWF) to develop Egypt's wealth.

The SWF, to be named as "Amlak" will be owned by the State through the National Inv...
Hani Qadri: Egypt Issues New USD 1.5bn Bonds
6/12/2015 - Finance Minister Hani Qadri on 11/06/2015 said that Egypt issued a USD 1.5 billion 10-year bonds.

In press statements, Qadri said that the move, the first in five years, is a strong return ...
84.02 % of Dredging at New Suez Canal Finalized
6/12/2015 - Over 216 million cubic meters of water-saturated sand have been removed so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish.

This repres...
CAPMAS: Tourist Arrivals to Egypt on the Rise in April
6/12/2015 - Egypt received 923,900 tourists in April, 7.4 percent more than the 859,900 it received the same period last year, according to the Central Agency for Mobilization and Statistics (CAPMAS).

...
Sudan's Investment Minister Meets Qatar's Ambassador
6/18/2015 - Sudan's Investment Minister Mudathir Abdul Ghani Abdul Rahman met with HE Qatar's Ambassador to the Republic of the Sudan Rashid bin Abdulrahman Al Nuaimi.

During the meeting, they discuss...
New Delhi Voiced Interest to Invest in Suez Canal Project
6/23/2015 - The Indian Ambassador to Cairo Sanjay Raya Bachie hailed the new Suez Canal project which he visited earlier this month, voicing India’s interest to invest there and take advantage of this huge projec...

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