Egypt Invests

Investment and Development

According to Daily News Egypt, Modon Developments is investing around EGP 5bn in its Green River Tower project in the New Administrative Capital. Daily News Egypt also reports that MSMEDA provided EGP 3.2bn in financing for projects in Fayoum Governorate over 12 years.

Infrastructure and Construction

Daily News Egypt states that Egypt is developing an infrastructure financing guarantee mechanism to ease budget pressures. Additionally, M squared announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, as reported by Daily News Egypt.

Automotive News

CarNewsChina reports that the BYD Fang Cheng Bao Ti 6 was spotted in China as a cheaper alternative to the BYD Ti 7. For someone importing a vehicle into Egypt, the development of new infrastructure and financing mechanisms, as reported by Daily News Egypt, may have implications for the overall business environment.

Compiled from press reports. Read the originals:

• Modon Developments invests EGP 5bn in Green River Tower at New Capital — Daily News Egypt
• MSMEDA provides EGP 3.2bn in financing in Fayoum over 12 years: CEO — Daily News Egypt
• Egypt developing infrastructure financing guarantee mechanism to ease budget pressures: Planning minister — Daily News Egypt
• M squared’s Masyaf Ras Al Hekma reaches 41% construction completion as phase two begins — Daily News Egypt
• BYD Fang Cheng Bao Ti 6 spotted in China as the BYD Ti 7’s cheaper alternative — CarNewsChina