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The first tourism project is to develop the Agiba plateau with investments worth $3bn, and the other is for the development of the Rommel area with investments of $4bn.
The MoU is part of Egypt’s efforts to benefit from the World Bank’s expertise in developing the investment environment.
MOU for project was signed during Economic Summit in March
Once details are provided, we’ll see what could be interesting for Canadian investors, says Ezzeldin
The project’s construction will start in summer 2016 and will take 12 months, creating over 1,000 jobs
Contradictory reports have surrounded project since its announcement
The new canal will be established to increase the Suez Canal’s capacity to 97 passing ships per day, up from the current rate of 49 per day.
Investments worth EGP 700m are expected to be injected for the development of the mall, says MNHD’s Investor Relations Manager
Even three months is not enough to finalise new administrative capital agreement, says academic
Signingis Egypt’s third extension of agreement, prolonging cooperation period from 2015 to 2018
Two MoUs expected shortly between Union and the Sudanese Free Zones & Markets
Egyptian president met with leading Chinese tourism companies in Beijing
Targeted trade volume between both countries is over $5bn
Prime minister denies cancelling the memorandum; says it is not “legally binding”
Project will construct first electric traction railway system in Egypt