US envoy to Saudi Arabia condemns attacks on Aramco oil facilities    'Egyptians have only one of two options: either to surrender to terrorism or to confront and eliminate it,' Sisi says at Youth Conference    Gold closes lower, incurs a weekly loss as bond yields up    Egypt's eighth National Youth Conference discusses effects of publishing lies on the state    Disney CEO Bob Iger quits Apple board    Turkey says OIC to convene in Jeddah after Netanyahu annexation plans    U.S., Brazil pledge $100 mlnn for Amazon development    Kenya is now the third African country to introduce malaria vaccine    Sterling jumps to 7-week high on a Brexit breakthrough upbeat    Egypt's Sisi inaugurates the eighth National Youth Conference    Former PM Cameron 'sorry' for Brexit divisions    Bulgarian FA slams England boss Southgate over racism concerns    Sisi to open 8th edition of the National Youth Conference Saturday    Messi likely to miss Barcelona's next two fixtures, says Valverde    Arsenal's Lacazette ruled out until October with injury    Egypt. China sign agreement to export dates    Egypt's Sisi stresses nuclear safety standards in Dabaa power plant project    Egyptian govt to set up fourth terminal at Cairo airport    Fire breaks out on tanker at Norway's Sture oil terminal    Dollar exchange rate down at Egypt's major banks    Spotify buys music production marketplace SoundBetter    In 'Women Make Film,' a 14-hr epic of an overlooked history    'Harriet,' the first film about Tubman, premieres in Toronto    Egypt's Ahly striker Amr Gamal joins Talae El-Geish for 2 seasons    Suicide kills one person every 40 seconds, says WHO    Shikabala left out of Egypt's Zamalek squad for Generation Foot clash    Egypt's Sisi issues four presidential decrees for private universities    Egypt, UK sign deal to establish branch of London School of Economics at New Administrative Capital    8th edition of Egypt's National Youth Conference to start Sunday    Egypt's Olympic national team beat Saudi Arabia in friendly game    Egypt, Italy ink $4.3mn deal for solid waste recycling programme    Egypt's parliament to discuss new personal status law soon    Egypt's PM discusses details of Al-Hussein Mosque renovation    Sisi renews appointment of Sherif Seif El-Din as Egypt's ACA head    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Damietta Furniture City expected to attract $563m-investments: official
Published in Amwal Al Ghad on 03 - 10 - 2016

The total volume of investments that would be pumped into Damietta Furniture City is expected to hit 4-5 billion Egyptian pounds (US$563 million).
Chairman of Damietta Furniture City company, Osama Saleh stated Monday that the new city would participate in increasing sector's exports and upgrading furniture industry.
Saleh -also the chairperson of Ayady for Investment and Development company- made these remarks during the ceremony of signing a cooperation protocol between Egypt's second largest state-run bank Banque Misr (BM) and Damietta Furniture City Company on financing small craftsmen.
Hereby the protocol, BM is set to provide 1.5 billion pounds to finance small craftsmen in the city, at a five percent interest rate within one year.
The ceremony was attended by state's Trade and Industry Minister Tarek Qabil and Planning Minister Ashraf El Araby as well as Damietta governor, Ismail Abd El Hamid.


Clic here to read the story from its source.