News / Government

Real Estate Development Chamber Secures Housing Minister’s Approval to Install 20% Down Payment for North Coast and Desert Road Fees

The Ministry of Housing has approved a key measure to ease financial pressures on developers by allowing the 20% down payment on North Coast land transfer fees and Desert Road improvement levies to be paid in installments over one year. The remaining balance will be settled in installments across five years, with the interest rate fixed at 10%, Invest-gate reports.

Egypt Unveils Revitalization Plan for Nazlet El-Semman as a Premier Tourist Destination

Egyptian Prime Minister Mostafa Madbouly has reviewed the latest progress on the Nazlet El-Semman redevelopment project, emphasizing its transformation into a global tourist hub integrated with the Giza Pyramids area. The initiative aligns with Egypt’s broader vision to preserve archaeological heritage while boosting tourism and sustainable urban development — Invest-Gate reports.

Prime Minister Holds Expanded Meeting with New Urban City Authority Heads

Prime Minister Dr. Mostafa Madbouly held an expanded meeting with the heads of Egypt’s new urban city authorities at the government headquarters in the New Capital, in the presence of Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, Invest-Gate reports.

Minister of Housing Announces Delivery of “Valley Towers East” Units in New Obour Under “Your Home in Egypt” Initiative

Eng. Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, has announced the start of handovers for residential units at the “Valley Towers East” project in the 14th District of New Obour City. The project was launched in the first phase of the “Your Home in Egypt” initiative for Egyptians abroad, in line with state directives to provide suitable housing that meets the aspirations of all segments of society, Invest-Gate reports.

Housing Ministry to Launch Second Phase of 400,000 Housing Units via “The Official Egyptian Real Estate Platform” in Early October

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities announced that the ministry will launch the second phase of its major housing program through the “The Official Egyptian Real Estate Platform” in early October. The initiative is part of the government’s plan to provide around 400,000 housing units in several stages, Invest-Gate reports.

Minister of Investment and Foreign Trade Launches 17th African Trade Ministers’ Meeting in Cairo with Broad Continental Participation

Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, inaugurated the 17th African Trade Ministers’ Meeting in Cairo, with the participation of trade ministers from across the continent, Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), along with senior delegations and representatives of regional and international organizations, Invest-Gate reports.

Prime Minister Follows Up on Plan to Expand Seawater Desalination Plants

Prime Minister Dr. Mostafa Madbouly held a meeting at the government headquarters in the New Capital to review the executive plan for expanding seawater desalination plants. The meeting was attended by Minister of Housing, Utilities and Urban Communities Eng. Sherif El Sherbini, Deputy Housing Minister Dr.Sayed Ismail, Head of the Construction Authority for Potable Water and Wastewater Dr. Mohamed Hassan, Arab Contractors’ Senior Vice President Eng. Hassan Mostafa, and several officials, Invest-Gate reports.

Egypt Imposes Safeguard Duties on Steel Imports In a Significant Move to Protect Domestic Industry

In a significant move to protect domestic industry, Minister of Investment and Foreign Trade Hassan El Khatib has issued three ministerial decrees imposing temporary safeguard duties on certain steel products. The measures, which take effect on Sunday, September 14, 2025, were published in the Official Gazette on September 10, 2025, Invest-Gate reports.

Minister of Investment Meets S&P Global Delegation to Discuss Egypt’s Credit Rating and Economic Reforms

Minister of Investment and Foreign Trade Hassan ElKhatib met with a delegation from S&P Global, led by Roberto Sifon Arévalo, Global Head of Sovereign and Multilateral Lending Institutions Ratings, and Benjamin Young, Managing Director and Head of Sovereign Ratings Sector for Europe, the Middle East, and Africa, to discuss Egypt’s credit rating outlook, macroeconomic trends, and ongoing financial and institutional reforms. Representatives from the Ministry of Finance, the Central Bank of Egypt, and J.P. Morgan also attended, Invest-Gate reports.

Minister of Investment and Foreign Trade Meets World Bank Group and IFC Delegation to Review Ongoing and Future Cooperation with Egypt

As part of Egypt’s strategic partnership with the World Bank Group, Minister of Investment and Foreign Trade Eng. Hassan El-Khatib met with Mr. Cheick-Oumar Sylla, IFC Regional Director for North Africa and the Horn of Africa, and Mr. Stéphane Guimbert, World Bank Country Director for Egypt, Yemen, and Djibouti.The talks centered on expanding cooperation to support Egypt’s priorities in attracting investment and fostering sustainable growth, Invest-Gate reports.

Page 1 of 247

Popular Tags

Login

Welcome! Login in to your account

Remember meLost your password?

Lost Password