Latest in Tag: EEDC Highlight

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Latest in Tag: EEDC

The New Administrative Capital: from far-fetched idea to reality

Since the Egyptian government announced in the Egypt Economic Development Conference (EEDC) its intention to launch a new capital city (called: New Administrative Capital) in Sharm El-Sheikh on 13 March 2015, the has been a public outcry that accused the government of launching a media crackdown and building imaginary success based on a far-fetched idea …

Shaimaa Al-Aees

Finalising procedures of $3bn loan in June: EGPC Chairman

Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …

Mohamed Adel

Summit’s 3rd day shows rise in renewable energy sector MoUs

Several Memorandum of Understandings (MoUs) were signed between international companies and the Ministry of Electricity regarding solar energy projects. MoUs were signed between Tharwa Investments and Electricity Holding Company to establish a coal-fired power plant with 6,000MW at a total value of $9.6bn. “We met 10 days ago, and now we are signing a MoU,” …

Sara Aggour

Housing ministry signs 4 real estate, tourist projects worth $12.7bn

Egyptian Minister of Housing Mostafa Madbouly announced Sunday the signing of memoranda of understanding for four real estate and tourist projects with $12.7bn total, at the Economic Summit. Madbouly said that the ministry signed a memorandum of understanding (MoU) with Egyptian Mountain View and Saudi Sisban Holdings, to launch two real estate projects. The first …

Daily News Egypt