News | Government

  • Gov’t Mulls Over Saint Catherine’s Great Transfiguration Project

    Gov’t Mulls Over Saint Catherine’s Great Transfiguration Project

    Thursday, 26 November 2020

    Egypt's housing ministry has held an expanded meeting to review the Great Transfiguration Project, which is aimed at the restoration of Saint Catherine's Monastery, South Sinai, in an attempt to revive the historical site.

  • Official Calls for Swift Work on 936 Low-Income Housing in West Cairo

    Official Calls for Swift Work on 936 Low-Income Housing in West Cairo

    Wednesday, 25 November 2020

    Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.

  • Gov’t Lifts Construction Ban, Sets 6M Transitional Phase

    Gov’t Lifts Construction Ban, Sets 6M Transitional Phase

    Tuesday, 24 November 2020

    Egypt's government has decided against renewing its six-month construction ban in Greater Cairo and Alexandria to end as of December, setting a six-month transitional period to outline the proposed city-scale building and planning controls and requirements for eliminating previous loopholes.

  • Gov’t Follows up on the Ongoing Development Projects in Cairo

    Gov’t Follows up on the Ongoing Development Projects in Cairo

    Wednesday, 18 November 2020

    Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities and Major General Khaled Abdel Aal, Governor of Cairo, have held an expanded meeting to follow up on the ongoing development projects across the capital, Invest-Gate reports.

  • 125,000 fully finished Units See Tremendous Demand: Al-Gazzar

    125,000 fully finished Units See Tremendous Demand: Al-Gazzar

    Monday, 16 November 2020

    Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has stated that there is a tremendous demand on reserving the 125,000 fully finished housing units, Invest-gate reports.

  • Al-Gazzar Approves New Plot Allocations in Upper Egypt

    Al-Gazzar Approves New Plot Allocations in Upper Egypt

    Monday, 16 November 2020

    Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has approved the allocation of 21 land plots in eight new cities in Upper Egypt, Invest-Gate reports.

  • Gov’t Inspects the Second Industrial Zone in  New Nubaria

    Gov’t Inspects the Second Industrial Zone in New Nubaria

    Monday, 16 November 2020

    Magdy Youssef, Acting Head of the New Nubaria City Development Authority, inspects the second industrial zone in the city, accompanied by the agency officials, to follow up on the projects underway in the area, Invest-Gate reports.

  • Egypt’s Central Bank Cuts Interest Rates by 0.5%
    Investment

    Egypt’s Central Bank Cuts Interest Rates by 0.5%

    Sunday, 15 November 2020

    The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided on November 15 to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 0.5% (50 bps) to reach 8.25%, 9.25%, and 8.75%, respectively Ahram-Online reports.

  • NAC’s Iconic Tower Now Stands 240 Meters High: Minister

    NAC’s Iconic Tower Now Stands 240 Meters High: Minister

    Thursday, 12 November 2020

    Egypt’s Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 49 stories of the 80-story Iconic Tower in the New Administrative Capital (NAC) have been built so far, thereby standing at 240 meters high.

  • Great Transfiguration Project in Saint Catherine Underway

    Great Transfiguration Project in Saint Catherine Underway

    Tuesday, 10 November 2020

    Khaled Abbas, Deputy Minister of Housing for National Projects, has stated that the National Committee is studying the implementation of the Great Transfiguration Project in Saint Catherine, Invest-Gate reports.