HDP Signs Contract with Consolidated Contractors Company (CCC) to Develop SQ1 in New Cairo with EGP 1.7bn Investment
Housing and Development Properties (HDP), the real estate arm of the Housing and Development Bank, has signed a construction contract with Consolidated Contractors Company (CCC) to carry out the construction work for the residential units of the Square One Exclusive
Food sector exports surpass $10bn in 2024, achieving record growth
At the 2024 General Assembly meeting of the Chamber of Food Industries, Chairperson Ashraf El Gazayerli announced that the food sector achieved a remarkable 21% increase in exports last year, surpassing $10bn. This milestone marks an unprecedented achievement for the
Egypt achieves EGP 330bn primary surplus in H1 2024/25, reflecting strong financial performance
Egypt has recorded a primary surplus of EGP 330bn for the first half (H1) of the fiscal year 2024/25, marking its highest surplus to date, according to Minister of Finance Ahmed Kouchouk. This achievement reflects strong financial performance, bolstered by
Special Group partners with Mint Real Estate to elevate asset management for New Capital project
Special Group for Trade and Investment has entered a strategic partnership with Mint Real Estate Asset Management, a subsidiary of Al Ahly Sabbour, to oversee the full scope of asset management for its real estate portfolio and upcoming developments. The
Egypt unveils national financing strategy to meet SDGs
Egypt has launched its National Integrated Financing Strategy (E-INFS) to help meet its Sustainable Development Goals (SDGs) by 2030. Prime Minister Mostafa Madbouly, speaking at the launch event on Tuesday, emphasised the importance of shared solutions to address pressing development
Egypt, India set ambitious trade target of $12bn in five years, up from $4.2bn
Egypt and India have set an ambitious target to increase bilateral trade from $4.2bn in 2024 to $12bn over the next five years. This goal was outlined during a meeting between Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib,
Strong demand for logistics investment zones in Giza: GAFI chief
Giza Governor Adel El-Naggar and Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met to discuss strategies for promoting investment opportunities along the Cairo-Alexandria Desert Road and in the Bahariya Oasis. They agreed to feature
Egypt seeks to strengthen collaboration with UN agencies in agricultural development
Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with Elena Panova, the UN Resident Coordinator in Egypt, to discuss expanding cooperation between the Ministry of Agriculture and UN agencies involved in the agricultural sector. The meeting, which was
Minister of Public Enterprises assesses progress of Holding Company for Tourism, Hotels
Mohamed El-Shimy, Minister of Public Enterprises Sector, convened a meeting with the heads of companies under the Holding Company for Tourism and Hotels to review the latest developments in ongoing projects, financial performance indicators, and efforts related to technical, financial,
Egypt expands Takaful, Karama Programme to 4.7 million families in 2025
During a recent session of the Senate chaired by Abdel Wahab Abdel Razek, Minister of Social Solidarity Maya Morsy provided an update on Egypt’s social protection programmes, which are aimed at supporting vulnerable families across the country. These programmes are
