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IFC unveils 5 projects to support MSMEs, climate finance in Egypt, Africa

The International Finance Corporation (IFC) has announced five new projects to support small- and medium-sized business development and job creation in Egypt and other parts of Africa, focusing on climate finance, healthcare, and food security.

Updated 2/16/2026 10:42:00 AM
Sky Innovo advances Park St. edition project in New Cairo

Sky Innovo Developments reported steady progress on construction work at its Park St. Edition project, as the company moves forward with an integrated real estate development focused on sustainability and quality of life in New Cairo.

Updated 2/16/2026 9:39:00 AM
ILCAZAR launches VEA project in New Cairo with EGP 20B investment

Egypt-based real estate developer ILCAZAR has launched its ninth residential project, VEA, in New Cairo’s sixth settlement, with total investments of about EGP 20 billion.

Updated 2/8/2026 1:04:00 PM
DrasChem to build $200M sodium cyanide plant at Sidpec complex

DrasChem Specialty Chemicals is moving forward with plans to establish a sodium cyanide production plant at the Sidi Kerir Petrochemicals (SIDPEC) complex in Alexandria, following high-level discussions with the CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed El-Gawsaky.

Updated 2/8/2026 6:49:00 AM
Parliament approves 4 development grants with EU, AfDB, South Korea, Japan

The House of Representatives has approved four grant agreements covering a range of development sectors, as part of Egypt’s partnerships with multilateral and bilateral development partners.

Updated 2/5/2026 5:09:00 AM
PRE Group partners with Colliers to study hospitality projects across 5 destinations in Egypt

Real estate developer PRE Group has partnered with global real estate advisory firm Colliers to conduct hospitality studies for its hotel and resort portfolio across five destinations and 12 projects in Egypt, as per an emailed press release.

Updated 1/27/2026 11:30:00 AM
Misr El-Gedida settles 710,000 square meters dispute with NUCA

Misr El-Gedida for Housing and Development has reached a final settlement with the New Urban Communities Authority (NUCA), affiliated to the Ministry of Housing, Utilities, and Urban Communities, over an excess shared area of 710,000 square meters in New Heliopolis City, ending a dispute that dates back to 1995.

Updated 1/27/2026 10:12:00 AM
Egypt opens 1st SPC flooring factory with $8M investment in Ain Sokhna

Prime Minister Mostafa Madbouly inaugurated the Camstone Advanced Industries Project in the integrated Sokhna Industrial Zone, marking the launch of Egypt’s first factory to produce high quality stone plastic composite flooring.

Updated 1/11/2026 2:17:00 PM
Madbouly inaugurates 3 industrial projects in Sokhna

Prime Minister Mostafa Madbouly has inaugurated three new industrial projects in the Ain Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE).

Updated 1/11/2026 1:47:00 PM
Sidpec approves estimated budget for 2026

Sidi Kerir Petrochemicals Company (Sidpec) has approved its investment budget for 2026, which is estimated at approximately EGP 1.979 billion

Updated 12/30/2025 11:03:00 AM
Egypt, Canada ink 3 agreements to empower women, strengthen food security

Egypt and Canada have signed three new development projects worth approximately EGP 552 million to empower women and girls and enhance food security.

Updated 12/17/2025 3:29:00 PM
Cabinet grants golden license for New Alamein silicon project

The Egyptian cabinet has approved granting Alamein Silicon Products Company a golden license to establish and operate a silicon manufacturing and purification facility on a 714,000-square-meter site in New Alamein City in Matrouh Governorate.

Updated 12/11/2025 5:11:00 AM
Egypt, EBRD sign 6 agreements on investment, energy

Prime Minister Mostafa Madbouly witnessed the signing of six agreements and memoranda of understanding (MoU) between several Egyptian government entities and the European Bank for Reconstruction and Development (EBRD).

Updated 12/10/2025 10:17:00 AM
GAFI launches cash investment incentive guide to support industrial projects in Egypt

The General Authority for Investment and Free Zones (GAFI) announced the launch of the Cash Investment Incentive Guide, supporting industrial projects in Egypt.

Updated 12/7/2025 10:44:00 AM
SCZONE seeks US investments as Chairman wraps Washington roadshow

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dien concluded a roadshow in the US with a series of meetings to strengthen cooperation with American institutions and companies and encourage new investments in targeted sectors within the zone.

Updated 12/7/2025 3:56:00 AM
Badawi explores broader participation of Egyptian petroleum firms in Saudi Arabia’s NEOM project

Egypt is examining broader opportunities for its petroleum and engineering companies to participate in Saudi Arabia’s NEOM project, following an official visit by Minister of Petroleum and Mineral Resources Karim Badawi to the Kingdom.

Updated 12/7/2025 3:52:00 AM
Egypt, Bulgaria sign joint committee protocol to expand cooperation across 19 sectors

Egypt and Bulgaria inked a protocol to strengthen cooperation in 19 economic, technical, and development sectors during the meetings of the Egyptian-Bulgarian Joint Committee for Economic, Scientific, and Technical Cooperation, held in the New Capital, as per a statement.

Updated 12/4/2025 9:40:00 AM
AOI signs MoU with Al Safy Group to boost defense-industry cooperation

The Arab Organization for Industrialization (AOI) signed a memorandum of understanding (MoU) with Al Safy Group.

Updated 12/3/2025 7:30:00 AM
AOI, UAE-Chinese Al Qalaa Red Flag sign defence-industry cooperation MoU at EDEX 2025

The Arab Organization for Industrialization (AOI) signed a memorandum of understanding (MoU) with UAE-Chinese company Al Qalaa Red Flag for cooperation in defence industries.

Updated 12/2/2025 7:31:00 AM
Egypt’s implemented investments in Q1 FY2025/26 rise to EGP 278.7B

Egypt recorded EGP 278.7 billion in total implemented investments during the first quarter (Q1) of the current fiscal year (FY) 2025/2026, marking annual growth of 24.2%.

Updated 11/30/2025 3:44:00 AM