Shaimaa Al-Aees

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Afreximbank grants NBE $300m financing facility

The African Export-Import Bank (Afreximbank) has granted a $300m financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts. President of Afreximbank Benedict Oramah and chairperson of NBE Hisham Okasha signed the Industrialisation Support Facility agreement on 27 April on behalf of their respective institutions during a ceremony held at NBE’s …

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Egypt is full of investment opportunities: Informa Chief Executive

The Ministry of Housing is preparing to offer lands for services at the New Administrative Capital by the end of the coming year, according to Assistant Minister of Housing Khaled Abbas. Abbas said that the government will provide more facilities and privileges for the investors in the coming period. He added that 13 investors have …

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Business parks in Egypt: an integrated concept that will change the shape of Egypt’s business climate

Business parks in Egypt are considered a modern business in the real estate sector. The first business park was launched by Samcrete Development with a clear future vision, to launch a one-of-a-kind Egyptian business district—Pyramids Heights Business Park—in the year 2000. However, the number of business parks in the country still remain limited compared to …

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Egypt needs 4.4m sqm of hospitals, 2.7m sqm of clinic spaces by 2025

Egypt’s demand for property allocated to healthcare by 2025 stands at 4.4m sqm of hospital space with investments worth EGP 40.5bn, and 2.7m sqm of clinics space with investments of EGP 17.8bn, according to a Colliers International report on Sunday. The report stated that Cairo alone requires an additional 4- 5 hospitals annually in order …

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