Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Azmeel Real Estate Group is currently developing projects worth EGP 600 mn, according to board member Ahmed Ibrahim. The company is working on compounds and other varying developments in Sheikh Zayed and 6 October, Al Mal reports.
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
Capital group to start implementing first phase of new Smart Village
Capital Group for Real Estate will start work on the first phase of the new Smart Village in the Al Borouj project before the year is up, according to Al Masry Al Youm. Contracts for the development of the EGP 1.5 bn phase are currently being prepared for tendering, the company said, and execution should […]
Posted inTourism
Work on Sharm campaign set to start
The Tourism Promotion Authority (TPA) is planning to launch a new EGP 10 mn campaign “within days” to attract tourists from European and Arab countries to Sharm El Sheikh, TPA chief Hisham El Demery tells Al Shorouk. JWT will run the six-month-long campaign under its contracts with the TPA.
Posted inTourism
Saudi Arabia’s Red Sea project creates competition for Egypt
Saudi Arabia’s plan to develop Red Sea islands for tourism creates direct competition for Egypt, tourism industry representatives tell Al Shorouk. The competition would be less intense if Saudi Arabia strictly targeted ultra-rich visitors or if it focused on diving. Other operators are less worried about competition from the project, saying Saudi Arabia’s visa restrictions […]
Posted inTourism
Ministry of tourism pulls burkini measure
The Ministry of Tourism has reneged on a measure that obliges hotels to allow burkinis on their pools and beaches, Al Ahram reports. The circular that was canceled 24 hours after it was published with the intention of further study to go into the matter.
Posted inTelecoms + ICT
First locally produced smartphone to be in November
SICO is set to start producing the first Egyptian-made smartphone in November, reports Al Mal. The company, which partnered with China’s Megane on the venture, should be receiving the equipment it needs to start moving the assembly lines by mid-October and hopes to kick things off with an annual production capacity of 1.8 mn devices […]
Posted inAutomotive + Transportation
Transport Ministry looking to fund local components for electrical train ahead of inking USD 725 loan agreement with China
The Transport Ministry is on the lookout for someone to fund the USD 500 mn venture to manufacture local components for its electric rail line project which will link Salam City with Tenth of Ramadan and the new administrative capital, Minister Hisham Arafat said on Saturday, Al Borsa reports. The ministry will sign a USD […]
Posted inAutomotive + Transportation
Egypt is part of COSCO’s expansion plans in the Mediterranean
Egypt is part of China’s COSCO Shipping’s plans to expand internationally and Hellenic Shipping News suggests that they are taking special interest in the Mediterranean. “New plans include Chinese investment in cruise, logistics and ship-repair zones” in the region. The report notes that COSCO, for example, picked Egypt 12 years ago, focusing on its location, […]
Posted inAutomotive + Transportation
CPA files complaint with prosecutor General against Bavarian Auto Group
The Consumer Protection Agency (CPA) filed a case against Bavarian Auto Group with the Prosecutor General, CPA head Atef Yakoub said on Saturday, according to AMAY. The case concerns alleged failure by the company to comply with a CPA order to cover repair costs of two cars whose owners complained to the CPA. In an […]
Posted inAutomotive + Transportation
Nissan and Hyundai top the market in sales in 1H2017
Nissan led auto sales in 1H2017 with a 26% market share and 40,000 units moving into the marketplace, reports Al Mal, citing data from the Automotive Information Council (AMIC). The number represents a rise from 14.4% last year, although total number of units sold dipped from 70k last year. Hyundai captured a 17.3% share of […]