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Six golden licenses attract EGP 5.6 bn of fresh investments
The projects span the fields of tourism, transport, housing, internal trade, food, and green energy.
Egypt could retain 20% in Ras El Hekma following sale to Gulf investor
The cabinet is currently reviewing “investment offers for important projects that are expected to generate huge resources of foreign currency”
Samsung wants to boost exports from Egypt by 50%. PLUS: News from Delta Fertilizers, Schneider Electric, Contact
Samsung was awarded a golden license in August
Egypt’s first medical and health resort is on the way
The EGP 1.5 bn resort — dubbed the Naya Wellness Resort — will provide some 4.5k job opportunities
Global Auto Group signs binding framework agreement to locally assemble cars
Global Auto Group began assembling BMW’s in 2023 after a five-year hiatus
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
CBE gets c. USD 1 bn from Chinese Development Bank
The loan will help finance projects agreed upon in the Belt and Road Forum
Egypt targets USD 25 bn in annual FDI in 5 years -GAFI head
The green energy sector is expected to receive more than USD 50 bn over the coming decade
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