Egypt Archives - Page 3 of 10

EGYPT GOVT. SIGN DEAL FOR SOLAR AND WIND POWER PROJECT

Posted on January 11, 2023 by Gambeta News

Renewable energy company AMEA Power Ltd. has announced the financial close for the two major clean energy projects in Egypt, making way for construction to begin. The two projects, the 500MW Abydos solar plant located 600km south of Cairo in Aswan governorate and the 500MW Amunet wind farm 318 km south of Cairo in the Red Sea governorate will be built, owned, and operated by the fully owned subsidiaries of the United Arab Emirates-based AMEA…

EGYPT AND SOUTH KOREA SIGN MOU FOR URBAN DEVELOPMENT

Posted on January 2, 2023 by Gambeta News

The National Agency for Administrative City Construction of the Republic of Korea (NAACC) and the Administrative Capital for Urban Development of the Arab Republic of Egypt (ACUD) virtually signed a memorandum of understanding (MoU) for cooperation in urban development on 28 December. Korea’s Ambassador in Cairo Hong Jin-Wook and Egypt’s Ambassador in Seoul Khaled Abdelrahman participated in the event. The objective of the MoU is to strengthen bilateral cooperation in the construction of the Administrative…

EHCAAN TO REVIEW EL SHEIKH AIRPORT INFRASTRUCTURE

Posted on December 27, 2022 by Gambeta News

The Egyptian Holding Company for Airports and Air Navigation (EHCAAN) has reviewed the most important achievements made so far in its project to develop Sharm El Sheikh airport as passenger throughput at the facility increases. The company explained in a statement on Monday that the airport upgrade plan is one of its most important sustainable development projects. Several upgrade and expansion works have been accomplished in the airport to cope with development plans that coincided…

EGYPT REAL ESTATE DEVELOPER PROPOSING NEW FINANCIAL MECHANISM

Posted on December 19, 2022December 19, 2022 by Gambeta News

The Board of Directors of the Real Estate Development Chamber at the Federation of Egyptian Industries presented the most prominent successes achieved by the chamber during 2022. These successes were based on the continuous follow-up of market developments, cooperation with the Housing Committee in the House of Representatives, and government support to discuss the most important challenges facing the real estate market. In a press conference held last week, Tarek Shoukry — Chairperson of the…

VALORE EL THAWRA PROJECT LAUNCHED IN EGYPT

Posted on December 6, 2022 by Gambeta News

El Riyad Castle Development launched the Valore El-Thawra project in an event that was attended by the company’s founder, Member of the House of Representatives Ahmed Abdel Mageed, along with several officials and community celebrities. Tarek Eid — a Member of the Board of El Riyad Castle Development — stated that the Valore El-Thawra spans 28,800 sqm and comprises residential, administrative, and commercial units, along with serviced apartments and entertainment properties located in the best…

EGYPT SIGNED US$15BILLION DEAL AT COP27 CLIMATE CONFERENCE

Posted on November 23, 2022 by Gambeta News

Egypt has signed agreements to carry out projects at a value of around US$15 billion at the recent United Nations climate conference (COP27), said Environment Minister Yasmine Fouad. Speaking to the DMC TV channel, she reiterated that the projects inked at COP27, whose activities lasted until Saturday in Sharm El Sheikh, will be carried out to counter the negative impacts of climate change. The minister highlighted the importance of the launch of the Africa waste…

EGYPT GOVT. AGREEDS TO LAUNCH EWIS WITH GREECE

Posted on November 14, 2022 by Gambeta News

Egypt has agreed to launch an electrical wiring interconnection system (EWIS) between Egypt and Europe via Greece with €3.56bn investment. The project will export clean energy from Egypt to Europe via Greece, and Greece will use part of the energy, and export the bulk to European countries. The project comes as part of the plan to develop long-term renewable energy sources to feed the electric interconnection project with green energy. The plan is to consist…

UAE AND EGYPT SIGN DEAL TO CONSTRUCT WORLD LARGEST WIND FARM

Posted on November 9, 2022 by Gambeta News

UAE and Egypt have agreed to jump in the race in building one of the world’s largest onshore wind farms in Egypt. The project once completed will see Egypt have the world’s largest wind farm whereby overtaking the current one at Gansu, China. The agreement was made in COP27 with UAE President H.H Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El Sisi who had overseen the signing between Masdar based in Abu Dhabi and Egypt’s Infinity Power and…

HOW EGYPT PLANS TO BRIDGE ITs FINANCIAL GAPS

Posted on October 31, 2022 by Gambeta News

The Central Bank of Egypt (CBE) decided to liberalize the exchange rate and raised the interest rate by 2% in an exceptional meeting of the Monetary Policy Committee (MPC). Over the past two days, the prices of Egypt’s bonds offered in euros and dollars in foreign markets increased, and the price of dollar-denominated bonds due in 2047 rose to 59.7% at the end of trading on Friday, compared to 59.07% at the end of Wednesday’s…

EGYPT HEALTH MINISTRY SIGN DEAL TO PROMOTE HEALTH SECTOR

Posted on October 26, 2022 by Gambeta News

Egypt’s Minister of Health and Population Khaled Abdel Ghaffar witnessed the signing of a cooperation protocol between the Higher Committee for Medical Specialties and the Arab Council for Health Specializations, within the framework of enhancing cooperation in the file of professional medical training. The protocol was signed by Hossam Hosni, the Secretary-General of the Higher Committee for Medical Specialties, and Omar Awad Al-Rawas, the Secretary-General of the Arab Council for Health Specializations, in the presence…

EGYPT GOVT. SET TO LAUNCH NEW TOURISM PROMOTION CAMPAIGN

Posted on October 21, 2022 by Gambeta News

Amr El-Qadi, Executive Director of the Egyptian Tourism Promotion Board (ETPB), said that a new tourism promotion campaign will be launched next month, aiming to present Egypt as a vibrant destination with diverse tourism products. He added that this campaign will target the main tourist export markets for Egypt and other new markets, using advertising materials, social media platforms, and various websites. The campaign also includes the launch of several events inside and outside Egypt….

EGYPT PRESIDENT MEET WITH OFFICIALS TO ESTABLISHED UNIFIED NATIONAL NETWORK

Posted on October 10, 2022 by Gambeta News

Egypt’s President Abdel Fattah Al-Sisi met with several officials of the Armed Forces to follow up on the executive position of establishing a unified national network for emergencies and public safety on Sunday. The president was briefed on the developments in establishing the national network for emergency and public safety, which is expected to be generalized at the level of the republic and is one of the largest systems of its kind in the Middle…

EGYPT GOVT. DENIES SELLING EGYPTIAN PORTS TO FOREIGN PARTIES

Posted on September 28, 2022 by Gambeta News

The Cabinet Media Center has dismissed as groundless reports about selling Egyptian ports to foreign parties. In a statement on Monday 26/9/2022, the media center said it contacted the Transport Ministry, which denied these reports, asserting that they are baseless and bare of truth. The Transport Ministry stressed that ports are fully owned by the State and will remain subject to Egyptian sovereignty. The establishment and development of projects of the Transport Ministry are carried…

EGYPT WATER MINISTER DISCUSS WATER PROJECTS WITH JICA

Posted on September 21, 2022 by Gambeta News

Minister of Water Resources and Irrigation Hani Sweilam met with Japan’s Ambassador in Cairo Oka Hiroshi, along with representatives of the Japanese International Cooperation Agency (JICA), to discuss ways to enhance cooperation between the two countries in the field of water resources. During the meeting, Sweilam pointed to the long history of cooperation between the two countries in the field of water, through which many projects were implemented, the most prominent of which is replacing…

EGYPT AND SUDAN MINSTERS DISCUSS ELECTRICAL INTERCONNECTION

Posted on September 5, 2022 by Gambeta News

Egyptian Ambassador in Khartoum Hossam Eissa and Sudanese Minister of Electricity and Energy Mohamed Abdullah met and reviewed underway efforts for electrical interconnection between both countries. On 23 February 2022, the Egyptian Electricity Transmission Company, headed by Eng. Sabah Mashali began developing and raising the capacity of the first phase of the electrical interconnection line between Egypt and Sudan from 80 MW to 300 MW, at a cost of L.E. 453 million. The developing works…

UC DEVELOPMENT SIGNED CONTRACT FOR NAC PROJECT IN EGYPT

Posted on August 29, 2022 by Gambeta News

UC Developments signed several contracting, construction, management, and operation contracts for the company’s projects in the New Administrative Capital (NAC) on Saturday to begin developing its projects within the scheduled timetable set. UC signed a contract for the construction of both Uni Tower 1 and Uni Tower 2 in the NAC’s Downtown area with Amac Construction and Archrete Engineering Consultancy. This is in addition to signing an agreement with each of Meadis — headed by…

INERTIA LAUNCHES NEW PHASE OF JEFAIRA PROJECT IN EGYPT

Posted on August 22, 2022 by Gambeta News

Inertia announced on Sunday the launch of a new phase named ‘Ayla’ in its Jefaira Project on the North Coast. The new phase spans over 353,000 sqm with total investments worth approximately EGP 3.8bn. “In light of the state’s development of New Alamein and the North Coast, the entire region has witnessed an increase in demand, as well as the development of more services in this region,” said CEO of Inertia Ahmed Al-Adawy. He noted…

RENOVATION OF ROSETTA CITY HOUSING COSTING LE390M IN EGYPT

Posted on August 2, 2022 by Gambeta News

In a meeting with Prime Minister Mostafa Madbouli, Beheira Governor Hesham Amna stated that LE 390 million were spent on the renovation of Rosetta City housing one of the Nile River’s estuary and lying on the Mediterranean coast. The governor pointed out that a new fishing port is being introduced in the city at a budget of LE 600 million. He clarified that the port, whose capacity is 50 boats, is completed by 97 percent….

EGYPT UNVIELED FIRST ELECTRONIC CAR

Posted on July 28, 2022 by Gambeta News

Egypt’s Nabq Protected Area, located in South Sinai Governorate, had its new environmentally friendly transportation service through the project of electric cars and water bikes. The project was implemented by youths to support new and non-traditional ways of tourism, with the participation of the local community and to preserve their social, environmental, and cultural heritage as a source of attraction Tourist reserves. This type of experience and others prove the success of the Egyptian strategy…

EGYPT START CONCRETE CASTING WORK FOR DABAA NUCLEAR PLANT

Posted on July 25, 2022 by Gambeta News

Egypt celebrated Thursday the commencement of the first concrete casting work for the first nuclear unit of the Dabaa nuclear plant. Minister of Electricity, Mohamed Shaker, said that Egypt has paid special attention to reviving the Egyptian nuclear project, as it is among the pioneering countries in realizing the importance of nuclear energy and the role it can contribute to solving the two most important obstacles facing sustainable development, namely the provision of electricity and…

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