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Egypt’s energy future between reality & Challenges

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas . More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1.1bn …

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The Tale of Paris along the Nile!

By: Amira Elhamy The moment you step in this ancient neighborhood, you will realize from the first glimpse that Egypt had a considerable golden era of its history. Your eyes will be saturated from contemplating the beautiful detailed ornaments and the unique architect of the neighborhood. It is the ancient …

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Four new industrial complexes planned for Upper Egypt

Three industrial developers have obtained the tenders for building 4 complexes encompassing 800 plants in Luxor, Asyut, Qena and Sohag governorates, to be built on an area of 1.2 million sq. meter with each complex including 200 units. The Industrial Development Authority (IDA) did not unveil the three companies’ names, …

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Egypt’s Gama inks EGP 168m deal with italian Vinavil

Gama, an Egypt-based private construction company that delivers turnkey construction projects and solutions, said Thursday that it has signed a contract worth around EGP 168 million with Vinavil, an Italian manufacturer specialised in industrial polymers and the provision of services in the chemical industry, and one of the largest European …

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An International flow of Pharmaceutical investments into Egypt

The Minister of Investment and International Cooperation met with several representatives of international pharmaceutical companies operating in Egypt, including Sanofi, Novartis Egypt, Swiss Pharma, GlaxoSmithKline, Pfizer and Pharma. On their part, the representatives of the pharmaceutical companies expressed their wish to increase investments in Egypt, commending the procedures carried out …

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Bechtel Awarded Two Contracts For Petrochemical Projects in Egypt

Bechtel, a company in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and the other to build two new polypropylene units at an adjacent site. …

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Egypt seeks $15bn ADB loan

The Egyptian minister of investment and international cooperation said that Egypt is looking forward to obtain loans of $15 billion from the Asian Development Bank (ADB), allocated to renovate the country’s infrastructure. Sahar Nasr added during the Belt and Road forum which comes as part of the Chinese Silk Road …

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Egyptians Abroad for Investment & Development

The consolidated financial statements of Egyptians Abroad for Investment and Development showed a 290% surge in profits for the first quarter of 2017, according to a bourse filing.  The company said in a statement to the Egyptian Exchange (EGX) last Monday that profits totaled EGP 14.04 million in Q1-17 compared …

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