On Legislation for Red Bricks on Green Lands

• Monday, 20th February 2017
• by Leena ElDeeb

A number of MPs have taken it upon themselves to tackle the ever-growing phenomenon of building on agricultural lands, submitting a draft law under the title “the reconciliation in violated buildings”, which is currently being looked into by Parliament’s Housing Committee and will later be presented before the general assembly for a final verdict.

Compensation Law to Redeem Contractors’ FX Losses

• Monday, 13th February 2017
• by Fatma Khaled

As the prices of construction materials spiked by 40% amid the challenging economic conditions that defined the past months following the float of the EGP, costs of building rapidly increased, leading to the need for legislation compensating contractors as FX losses magnified. Invest-Gate looks into the newly-drafted Compensation Law.

Bait Al Watan Targets Egyptian Expats for Economic Recovery

• Wednesday, 1st February 2017
• by Fatma Khaled

The government's project, Bait Al Watan, targeting Egyptians living abroad and aiming to raise USD 15 bn within four years, is yet another attempt to raise foreign currency and reduce the state budget deficit.

Nubian Lands No Longer Part of ‘One Million and A Half Acres’ Project

• Monday, 30th January 2017
• by Leena ElDeeb

President Abdel-Fattah El Sisi, along with national projects consultant and former Prime Minister Ibrahim Mehleb, vow that the Nubian village of Forkund be excluded from the “One Million and A Half Acres” project

Property Prices Spike as Market Relaxes

• Thursday, 26th January 2017
• by Yasmin El-Beih

While real estate has been traditionally seen as a safe haven against the devaluation of the local currency, as developers have been further pressured and more price hikes are on the horizon, this view may no longer be the case. Invest-Gate looks into recent market developments

New Bankruptcy Law Paves Way for Business

• Monday, 23rd January 2017
• by Leena ElDeeb

Egypt's first drafted Bankruptcy Law comes second after the recent Investment Law No.8, aimed at reforming its economy and paving way for further business and investments across its markets. Invest-Gate looks into the drafted law that is currently waved to parliament for vote

Egypt Leaps to Sustainable New Cities

• Monday, 23rd January 2017
• by Fatma Khaled

With the country's ongoing urban developments, the Ministry of Housing, Utilities, and Urban Development along with New Urban Communities Authority seek to provide clean energy sources along the way to reach the vision 'Egypt 2030'. Invest-Gate investigates

Investment Law No.8 of 2016: Egypt Becoming an Investment Hub

• Tuesday, 17th January 2017
• by Farah Montasser

Egypt has finally put a foundation that is believed to help prosper its economy, end state - investor disputes, and create a more appealing business environment, with the amended Investment Law No.8 of 2016, favoring investors

Real Estate Experts: IMF Loan Evinces Confidence in Egyptian Economy

• Monday, 9th January 2017
• by Leena ElDeeb

Inflation has taken its toll on Egypt’s economy in the past years, with the market having been particularly hard-hit between the Egypt Economic Development Conference in March 2015 until July 2016. Moreover, with foreign debt skyrocketing, the state, in league with the central bank, had no option but to turn to the International Monetary Fund (IMF) to loan them out of this crisis.

Amid Economic Difficulty, Real Estate Chamber Lobbies to Bail Out Sector

• Thursday, 5th January 2017
• by Fatma Khaled

Struck by the triple blow of the recent pound flotation, the value-added tax, and increasing customs tariffs, the real estate sector, like many others, has recently been teetering on a thin precipice between its previously buoyant performance and a potential bubble. In efforts to build a collective front, the recently-established Real Estate Development Chamber has been lobbying the government for facilitations and incentives, in the face of stringent economic reform.