ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024, reporting record-breaking financial performance for the fiscal year (FY) 2024. The company achieved EGP 32.5bn in real estate sales, reflecting a 67% year-over-year (YoY) growth, with revenues surging
Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled “Your Farm in Egypt,” in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs.
Renewable energy dominates Egypt’s new investment strategy
Egypt is prioritising renewable energy in its new investment plan to become a regional energy hub, officials announced after a meeting between Planning Minister Rania al-Mashat and Electricity Minister Mahmoud Essmat on Tuesday. The discussions focused on the electricity and
Egypt’s engineering industries exports surge 42% in January 2025
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad emphasized that this strong start to the year reinforces the
Mountain View targets EGP 150bn in sales in 2025
Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated to construction. The announcement follows a year of exceptional achievements,
UNODC debuts ‘CHAMPS’ in Egypt to strengthen child protection systems
The United Nations Office on Drugs and Crime (UNODC) has selected Egypt as the first country globally to implement the “CHAMPS” initiative, a groundbreaking initiative aimed at strengthening prevention systems for children up to the age of 18. This decision
KarmSolar expands Farafra Solar Grid in partnership with Daltex, tripling energy capacity
KarmSolar, Egypt’s leading solar energy utility provider, is expanding the Farafra Solar Grid through a strategic partnership with Daltex, the world’s largest exporter of potatoes. Under this agreement, KarmSolar will supply 2 MVA of electricity to Daltex, along with 3.17
President Al-Sisi reviews progress of housing projects, urges acceleration
Egyptian President Abdel Fattah Al-Sisi met on Monday with Prime Minister Mostafa Madbouly and Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny to assess the progress of national housing projects. Presidential spokesperson Mohamed El-Shenawy stated that the meeting focused
Egypt completes 650 MW GOS II Wind Farm, supported by EWA Group’s heavy lift logistics
The completion of Egypt’s 650 MW GOS II Wind Farm Project marks a significant step in the nation’s renewable energy strategy, with EWA Group playing a pivotal role through its expertise in heavy lift transport and project logistics. The wind
Al-Sisi reviews Egypt’s financial performance, FY 2025/26 budget goals
President Abdel Fattah Al-Sisi met with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk on Sunday to discuss the state’s financial performance indicators and the key features and targets of the upcoming fiscal year (FY) 2025/26 budget. The new