News / Government

Qatar to Invest USD 29.7bn in Egypt’s North Coast to Develop “Alam Al-Roum” Mega Project

Egypt and Qatar have signed a landmark investment agreement to develop the “Alam Al-Roum” area on Egypt’s northwestern coast into an integrated urban and tourism hub, with total investments estimated at USD 29.7bn, Invest-Gate reports.

Egypt–Qatar Investment Partnership to Develop a Landmark Project in Samla and Alam El-Roum, North Coast

According to Cabinet Spokesperson Mohamed El-Homsany, Egypt and Qatar are preparing to launch a major partnership to develop an integrated real estate and tourism project in the Samla and Alam El-Roum areas of Matrouh Governorate on Egypt’s North Coast. The project reflects Egypt’s strategic vision to expand balanced development and unlock the economic potential of emerging destinations such as the western North Coast, Invest-Gate reports.

The Grand Opening of the Grand Egyptian Museum: A Global Celebration Led by President Abdel Fattah El-Sisi, Welcoming Distinguished International Delegations

Egypt celebrated the grand opening of the Grand Egyptian Museum, one of the world’s most prominent cultural and civilizational landmarks, with the attendance of several ministers, senior officials, and representatives of local and international media, alongside official delegations from various countries. The global event underscored Egypt’s position as a center of human civilization throughout history, Invest-Gate reports.

Egyptian Minister of Investment and Foreign Trade Meets Saudi Commerce Minister in Riyadh to Strengthen Trade, Investment, and Port Connectivity Between Both Countries

Eng. Hassan ElKhatib, Minister of Investment and Foreign Trade, held several bilateral meetings on the sidelines of the ninth edition of the Future Investment Initiative (FII) in Riyadh. El Khatib is attending the forum on behalf of H.E. President Abdel Fattah El-Sisi. The event takes place at the King Abdulaziz International Conference Center from October 27 to 30 under the theme “The New Compass,” sponsored by King Salman bin Abdulaziz Al Saud, Invest-Gate reports.

Ministry of Housing Appoints Eng. Tarek El Gamal to the Egyptian Council for Green Building and Sustainable Cities

The Ministry of Housing, Utilities, and Urban Communities has appointed Eng. Tarek El Gamal, Chairman of Redcon Group and Redcon Properties, as a member of the Egyptian Council for Green Building and Sustainable Cities. The move reflects the government’s commitment to engaging the private sector in shaping policies that promote sustainable urban development, Invest-Gate reports.

Minister of Housing Launches Egypt’s National Strategy for Urban Development and Green Building

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, announced the launch of Egypt’s National Strategy for Urban Development and Green Building during an official ceremony attended by Dr. Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population; Mr. Alaa Farouk, Minister of Agriculture and Land Reclamation; Dr. Manal Awad, Minister of Local Development and Acting Minister of Environment; Justice Adnan Fangari, Minister of Justice; Dr. Ahmed Hanno, Minister of Culture; Eng. Mohamed El Shimi, Minister of Public Business Sector; Dr. Ibrahim Saber, Governor of Cairo; Eng. Adel El Naggar, Governor of Giza; along with senior government officials and representatives of national institutions concerned with sustainable urban development, Invest-Gate reports.

Minister of Investment and Foreign Trade Participates in the Egypt–EU Summit in Brussels to Strengthen Investment and Industrial Transformation

Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, participated in the Egypt–European Union Summit held at the European Commission headquarters in Brussels — a major platform marking a milestone in bilateral relations between Egypt and the EU, Invest-Gate reports.

Housing Ministry Expands Open Mortgage Finance System in Collaboration with Leading Banks and Mortgage Finance Companies

In line with the directives of President Abdel Fattah El-Sisi and the continuous follow-up of Prime Minister Dr. Mostafa Madbouly, Egypt’s Ministry of Housing, Utilities, and Urban Communities — represented by the New Urban Communities Authority (NUCA) — has signed several cooperation protocols with leading banks and mortgage finance companies to activate the open mortgage finance system for residential, administrative, and commercial units owned by the authority, Invest-Gate reports.

Prime Minister Reviews Progress on Launching Fustat Hills Park Management and Operation Project

Prime Minister Dr. Mostafa Madbouly chaired a meeting yesterday at the Government Headquarters in the New Capital to review the latest developments in the tender process for managing and operating the Fustat Hills Park project, Invest-Gate reports.

Prime Minister Reviews Plans to Maximize Investment Opportunities along the Nile Corniche

Prime Minister Dr. Mostafa Madbouly held a meeting at the government headquarters in the New Capital to review efforts to maximize the utilization of lands and buildings overlooking the Nile Corniche and offer them as investment opportunities. The meeting was attended by Minister of Housing, Utilities, and Urban Communities Eng. Sherif El-Sherbini; Cairo Governor Dr. Ibrahim Saber; Giza Governor Eng. Adel El-Naggar; and Chairman of the Urban Development Fund Eng. Khaled Saddik, along with officials from relevant ministries and authorities, Invest-Gate reports.

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