Orascom Construction wins contract for Egypt power plan
Construction and engineering firm Orascom Construction has secured a $100m contract to build a new steam-turbine power plant in Walideya, ...
Country: Egypt
40% annual increase in foreign direct investment expected in Egypt
"We are continuing to take further measures to improve the investment climate and implement President Sisi's directives to focus on ...
World Bank injects $125 million for Upper Egypt development
The World Bank has injected the first portion worth $125m out of a loan worth $500m allocated for the local ...
GE signs $575 million railway contract with Egypt
GE has signed an agreement worth $575 million with Egyptian authorities to supply 100 locomotives that can be used for ...
Electro-Mechanical Design Group plans $300 million cement plant in Egypt
Vice chairman of the Electro-Mechanical Design Group (EMG), Islam Solaiman, said that the group aims to inaugurate a cement plant ...
Saudi Arabia pumps $400 million into key Egyptian projects
Saudi Arabia has recently injected an additional $400 million as part of a Saudi-Egyptian loan agreement to develop the Sinai ...
Egypt to launch cruise lines with Greece
Egypt’s Ministry of Tourism reached an agreement with Greece to launch cruise lines between the two countries, reported Egypt Independent. ...
Egypt attracts $6.8 billion in foreign investment
During the period from January to April, the government managed to attract $6.8 billion in foreign investments, Sahar Nasr, Minister ...
Egypt signs export contracts worth $8 million with Kurdistan Region of Iraq
The Egyptian Commercial Service (ECA) has succeeded in signing contracts to export Egyptian products to Kurdistan region of Iraq worth ...
World Bank projects Egypt’s economy to grow at fastest regional pace in 2018
A recent report issued by the World Bank projected Egypt’s economy to grow at the fastest pace in the region, ...
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