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Emaar Properties announces investments in Egypt set to reach approximately US$35 billion

Founder of UAE Company Emaar Properties, Mohamed Alabbar said his company plans to invest LE 900 billion in the Marassi Red project in Egypt’s Red Sea. Alabbar confirmed on CNBC Arabia that Emaar’s investments in Egypt will reach approximately US$35 billion after signing the Marassi Red contract. Egyptian Prime Minister Mostafa Madbouly saw the signing …

The post Emaar Properties announces investments in Egypt set to reach approximately US$35 billion appeared first on Egypt Independent.

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Egypt tops list of African countries leading in hotel investments

A report published by W Hospitality Group revealed on Thursday, that Egypt has topped the list of the top 10 African countries in terms of investments in hotel projects, driven by the growth of tourism. The report highlighted that the hotel sector in Egypt has received significant investments in recent times, coinciding with government plans to increase the …

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Turkey establishes ready-made clothes project in Egypt with investments worth US$40 million

The Chairman for the General Authority of the Suez Canal Economic Zone (SCZONE) Waleid Gamal al-Dein, on Tuesday, laid the foundation stone for the Eroglu Garment project of ready-made clothes in the West Qantara Zone. The inauguration took place in West Qantara industrial area in cooperation with the Turkish Eroglu Global Holding Group, investments totaling …

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Egypt secures €621 million in agreements to promote green industries and boost equity investments

Minister of International Cooperation Rania al-Mashat witnessed the signing of two agreements worth €621 million with the European Investment Bank (EIB) and SPE Capital Fund to support green sustainable industries (GSI) and enhance equity investments in companies during the Egyptian-European Investment Conference.   Green Sustainable Industries Project The Green Sustainable Industries Project agreement, valued at …

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Egypt considers offers for large investments in Sharm El-Sheikh’s Ras Gemila: Spokesperson for Egyptian Cabinet

The Egyptian government revealed on Thursday, the truth about the offers for the government regarding the “Ras Gemila” area in the tourist city of Sharm El-Sheikh. Counselor Mohamed al-Homsi, spokesperson for the Egyptian Cabinet, confirmed during a phone call to the “All Corners” program that any new deals will be announced by the Egyptian government …

The post Egypt considers offers for large investments in Sharm El-Sheikh’s Ras Gemila: Spokesperson for Egyptian Cabinet appeared first on Egypt Independent.

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