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Investment News in Egypt

Sherif Ismail held meeting to follow the establishment of Damietta city of Furniture developments
12/20/2015 - Engineer Sherif Ismail, chairman of the Council of Ministers, held a meeting to follow up the developments of the situation the executive board for the establishment of the city of Damietta furniture,...
Egyptian Cabinet approves development decisions
12/23/2015 - The cabinet under Prime Minister Sharif Ismail approved several decisions related to carrying out development projects.

The cabinet approved a republican decree to re-allocate 488.8 feddans f...
EU-Egyptian Program to Boost Trade
12/23/2015 - Trade and Industry Minister Tarek Qabil a European-Egyptian program to promote trade and local markets in Egypt will start in February next year at a cost of 20 million Euros.

Qabil said in ...
Sherif Ismail Set Urgent Plan to Establish of Commercial Chains
12/23/2015 - PM Sherif Ismail decided to take urgent action to finalize a comprehensive plan for the implementation of the commercial chains to provide basic goods and foodstuffs at discounted prices for attractin...
Egypt Continues Third Metro Line Extension
12/24/2015 - Egypt signed an agreement with the European Investment Bank to receive the second tranche worth €200 million for the extension of Cairo's third metro line, Ahram news website reported.

The Eu...
Tarek Qabil Links Cooperation Protocol with Afreximbank
12/26/2015 - Minister of Trade and Industry Tarek Qabil announced that the African Export-Import Bank (Afreximbank) will present a 500-million-dollar fund to facilitate the movement of trade between Egypt and othe...
Economic Committee Discusses National Industry Support
12/29/2015 - The ministerial economic committee discussed measures to encourage sale of locally-made products to support Egyptian industries and reduce the bill of imports.

The measures will have a posit...
Sisi Reviews Efforts to Set up Industrial Zones
12/30/2015 - President Abdel Fattah El Sisi reviewed measures to establish specialized industrial cities and zones at a meeting with Trade and Industry Minister Tarek Qabil.

A new industrial zone will be...
Sisi Inaugurates 1.5 million Feddan Reclamation Megaproject
12/30/2015 - President Abdel-Fattah El-Sisi arrived in Farafra Oasis located in the Egypt’s south-western governorate Al-Wadi Al-Gadid (New Valley) to inaugurate the first phase of the national project to expand t...
Cairo, Riyadh to Sign 12 Investment Deals on Jan. 5 2016
12/31/2015 - Egypt and Saudi Arabia will sign 12 memorandums for Saudi investments in Cairo as a joint committee by both countries convenes in Riyadh on January 5, according to an Egyptian government official.
...
Egypt Signs MoU with China to Construct Sixth Metro Line
1/1/2016 - Egypt signed a memorandum of understanding with the China Railway Construction Corporation to construct Cairo's sixth metro line, according to a transportation ministry statement issued.

Cair...
Sherif Ismail held Meeting to Discuss Chinese President's Visit
1/3/2016 - Engineer Sherif Ismail, chairman of the Council of Ministers, chaired a meeting in China Unit, in the presence of: the ministers of housing, electricity, investment, agriculture, trade and industry, t...
Saudi Arabia vows Loans to Egypt to Develop Sinai
1/4/2016 - Egypt agreed with Saudi Arabia to borrow $1.5 billion to develop the Sinai Peninsula, $1.2 billion to finance oil purchases over coming three months, Egyptian International Cooperation Minister Sahar ...
Sisi: State Attaches Great Importance to SMEs
1/5/2016 - The state attaches great importance to small and medium-sized enterprises (SMEs) as they provide promising job opportunities for youths and contribute to flourishing national economy, affirmed Preside...
Egypt Signs $420mn Deal with Orascom Construction
1/11/2016 - Egypt's ministry of electricity signed a $420 million contract with Orascom Construction (OC) to convert Assuit and West Damietta power plants to a combined cycle, raising capacity by around 50 percen...
CBE Board Takes Measures to Ease SMEs Funding
1/11/2016 - The board of the Central Bank of Egypt (CBE) took several decisions to ease the funding of SMEs as a main contributor to production and investment sector of the Egyptian economy.

SMEs are a g...
Banque Misr Chief Hails CBE’s Small-Projects Program
1/11/2016 - Banque Misr's president lauded a program launched by the the Central Bank of Egypt (CBE) that seeks to encourage banks to finance small and medium-sized enterprises.

Mohamed al-Etrebi told...
Chinese President, Egypt to Discuss Investments
1/15/2016 - Chinese President Xi Jinping is expected to discuss potential investments in infrastructure projects with Egypt during his upcoming visit in the fields of transport, electricity, housing and agricultu...
Arabi: Private Investments not Affected in Egypt
1/17/2016 - Planning and Administrative Reform Minister Ashraf el Arabi cited a quick implementation rate of government-owned investment projects during the first half of 2015/2016 fiscal year, compared to the co...
China Announces Increasing Investments in Suez Canal Zone
1/17/2016 - The Chinese TEDA company has announced increasing its investments in the economic zone of the Suez Canal.

After meeting with Chairman of the General Authority of the Economic Zone of Suez Can...

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