Signing the agreement for the project to produce green hydrogen, its derivatives, and green ammonia in the Garjoub region
Dr. Mostafa Madbouly, Prime Minister, witnessed the signing of the agreement for the project to produce green hydrogen, its derivatives, and green ammonia in the Gargoub region, between the General Authority for the Port of Alexandria, affiliated with the Ministry of Transport, and the New and Renewable Energy Development and Use Authority, affiliated with the Ministry of Electricity, with the alliance of the company (Demi Highport Energy NV). Belgian).
$3.2 billion worth of contracts for 144 projects in industrial zones and Suez Canal ports
Dr. Mostafa Madbouly stressed the importance of the efforts made by the General Authority for the Suez Canal Economic Zone to develop the economic zone, in line with the state’s vision to attract more foreign direct investments, increase Egyptian exports, provide job opportunities, and achieve sustainable development.
Signing a contract to allocate a plot of land in Al-Andalus Gardens in New Cairo to establish an integrated urban activity with a total investment exceeding 60 billion pounds.
Dr. Mostafa Madbouly, Prime Minister, witnessed, at the government headquarters in the New Administrative Capital, the signing of a contract between the New Urban Communities Authority and UDC Real Estate Development Company, one of the companies affiliated with the UAE’s Mohammed Omar Bin Haider Holding Group. To allocate a plot of land in the Andalus Gardens area in New Cairo to establish an integrated urban activity, in the presence of Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities.
Signing a contract to allocate land for an integrated urban medical and educational project in Shorouk City with investments of $300 million
Dr. Mostafa Madbouly, Prime Minister, witnessed the signing ceremony of a contract between the New Urban Communities Authority and NHMC Medical Services (Egypt), a subsidiary of the English company NHMC. To allocate land to establish an integrated urban medical and educational project in Shorouk City, in the presence of Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities.
Egypt leads the shift to renewable energy in the Middle East
The Middle East faces major environmental and economic challenges, including climate change and rising energy prices.
Announcing Groundbreaking Regulatory Changes in Egypt's Digital Banking Sector
In a significant milestone for the banking industry, the Central Bank of Egypt (CBE) unveiled a series of transformative regulations and licensing requirements for digital banks in July 2023.
Recent Legislative Developments - Law No. 173 of 2023:
President Abdel Fattah El-Sisi has enacted Law No. 173 of 2023, representing a significant step in the Egyptian Government's commitment to fostering economic growth and attracting investment.
Egypt: Registration mandatory for foreign factories and trademark-owning companies
On the 17th of April 2022, the General Organization for Import and Export Control (GOEIC) announced the suspension of import activities of several companies and factories to Egypt for violating Ministerial Decree no.43 of 2016 (“Old Ministerial Decree”) issued by the Ministry of Trade and Industry.