investment

Framework agreement to establish flat glass factory in Sczone signed

Wed, 27 Mar 2024 - 12:01 GMT

The project will be implemented in partnership with French firms that will inject over €160 million.

Egypt's GAFI issues 6 golden licenses to investments worth LE5.6B

Tue, 26 Mar 2024 - 11:20 GMT

The General Authority for Investment and Free Zones (GAFI) issued six golden licenses for investments worth LE5.6 billion upping the total to 29.

Egyptian, German FMs discuss Red Sea security, investment

Mon, 25 Mar 2024 - 02:28 GMT

Minister of Foreign Affairs Sameh Shokry received Monday his German counterpart Annalena Baerbock.

EU proposes €7.4B-bundle of financial support, investments targeted at Egypt

Sun, 17 Mar 2024 - 12:51 GMT

The plan's duration is between 2024 and 2027.

Egyptian government prepares to sign mega investment deals soon: PM Madbouli

Thu, 07 Mar 2024 - 01:24 GMT

One day after the floatation of the Egyptian pound, Prime Minister Mostafa Madbouli held Thursday a press conference giving key statements on measures to be taken in the near future.

Egypt's agreement with IMF raises to $8B up from $3B

Wed, 06 Mar 2024 - 03:14 GMT

Egypt will also receive soft loans from the World Bank and the European Union, according to the Prime Minister.

Even with Ras El Hikma deal, Egypt needs IMF's support: Capital Economics

Thu, 29 Feb 2024 - 07:10 GMT

Middle East and North Africa Economist at Capital Economics, James Swanston, noted that even before the Ras el Hekma deal, investor sentiment towards Egypt had improved in recent months on the back of hopes that a new IMF deal will soon be secured.

BP commits $1.5B investment in Egypt for gas projects, drilling activities

Thu, 29 Feb 2024 - 10:32 GMT

The investment will be injected into Egypt's energy sector over a period of three to four years, as confirmed by the BP spokesperson in a statement to Bloomberg.

China explores plans for new industrial zone on the Mediterranean

Thu, 29 Feb 2024 - 08:29 GMT

One of the key points of discussion was the possibility of conducting trade transactions using the local currencies of both countries

Egyptian president expresses hope that Ras Al Hikma city would be livable all year long

Wed, 28 Feb 2024 - 02:43 GMT

President Abdel Fatah al-Sisi commented Wednesday on Ras Al Hikma deal with the UAE.

Egypt targets Danish investments in infrastructure, IT

Sun, 25 Feb 2024 - 11:17 GMT

The Egyptian Embassy in Copenhagen organized earlier this week a roundtable discussion on investment opportunities.

Things to know about "Ras El Hikma" Deal

Fri, 23 Feb 2024 - 05:33 GMT

The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.

Ras El Hikma investment deal unveils 5 key factors

Fri, 23 Feb 2024 - 03:55 GMT

the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.

Egypt, UAE ink largest investment deal for Ras El Hikma Project with $35B FDI

Fri, 23 Feb 2024 - 03:25 GMT

The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.

Egypt to sign major investment partnership deal on Friday

Thu, 22 Feb 2024 - 07:03 GMT

A press conference will follow the signing ceremony to explain the details of the deal at the Cabinet headquarters in the Administrative Capital.

Egypt approves largest direct investment deal in partnership with major entities

Thu, 22 Feb 2024 - 03:11 GMT

This comes in the context of the current state efforts to attract foreign direct investment (FDI) and increase the country's foreign exchange resources, according to the cabinet’s statement.

Egypt's GAFI holds investment promotion meetings in Belgium

Thu, 22 Feb 2024 - 02:55 GMT

That is in preparation for the investment conference Egypt will hold later this year.

Egypt aims for $7.5B in foreign investments in oil, gas sector in FY 2024/25

Wed, 21 Feb 2024 - 02:54 GMT

Foreign investments in the sector reached $5.6 billion in 2022/2023, compared to $4.7 billion in prior year.

Egypt close to launch details of LE 50B initiative to boost tourism sector

Mon, 19 Feb 2024 - 01:07 GMT

The initiative is part of the Egyptian government's strategy to increase annual tourist numbers by 25 to 30 percent with a target set for 2028

Egypt to boost economic cooperation with Germany's Bavaria

Sun, 18 Feb 2024 - 04:15 GMT

Their discussion primarily focused on diversifying collaboration in specialized industries such as automotive, communications, technology, and artificial intelligence

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