News / Government

Record Leap in Foreign Real Estate Purchases in Egypt During Q1 2025

According to data from the Central Bank of Egypt, the foreign purchases of real estate in Egypt recorded a historic surge of 186% during the first quarter of this year compared to the same period last year, reaching approximately $868 million, Invest-Gate reports.

Prime Minister Reviews Progress of Ras El Hekma and Shams El Hekma Developments in North Coast Visit

Prime Minister Dr. Mostafa Madbouly held a meeting on Sunday during his tour of the North Western Coast to follow up on the implementation of Ras El Hekma New City and Shams El Hekma City, Invest-Gate reports.

Egypt Celebrates National Day at Expo 2025 Osaka

Egypt marked its National Day at Expo 2025 Osaka with an official celebration led by H.E. Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, Invest-Gate reports.

Egypt Imposes Up to EGP 1,000 per sqm in Fees on North Coast Partnership Projects

Egypt’s New Urban Communities Authority (NUCA), affiliated with the Ministry of Housing, Utilities and Urban Communities, has introduced new development fees on real estate and tourism projects in the North Coast that are implemented through partnership models between multiple entities. The fees will reach up to EGP 1,000 per sqm depending on the location of the project, Invest-Gate reports.

Prime Minister Follows Up on Land Legalisation and Housing Projects in New Cities

Prime Minister Mostafa Madbouly held a meeting in New Alamein today to follow up on the legalisation of lands added to several new cities, the status of current housing and land offerings, and ongoing development projects, Invest-Gate reports.

Housing Ministry Moves Forward with Real Estate Governance, Export Platforms

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, held a meeting with officials from the the Official Egyptian Real Estate Platform to follow up on the launch of two national platforms, one to regulate Egypt’s real estate market, and another to promote and export Egyptian property globally, Invest-Gate reports.

Egypt’s Housing Minister Meets Cityscape Officials Ahead of September Expo

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, met with Alexander Hoff, Regional Director of Cityscape Exhibitions and Conferences, to discuss cooperation and coordination ahead of the upcoming Cityscape Egypt Summit and Exhibition set to take place in September, Invest-Gate reports.

Housing Minister Reviews Progress of “Your Home in Egypt” and “Beit El Watan” Initiatives for Expats

Housing Minister Sherif El Sherbini held a meeting to review the progress of the “Your Home in Egypt” initiative for Egyptians abroad, following the conclusion of its first phase, as well as the status of the ongoing “Beit El Watan” initiative, Invest-Gate reports.

Housing Minister Inspects Infrastructure Upgrade Projects Across Key Cities

El Sherbini reviewed the progress of infrastructure development projects in several cities, including 15th of May City, New Damietta, 10th of Ramadan, Shorouk, and Obour, Invest-Gate reports.

Housing Minister Backs Law to Regulate State Land Ownership at Parliament Session

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, participated in a general session of the House of Representatives to discuss a draft law submitted by the government regulating the procedures for disposing of privately owned state assets, Invest-Gate reports.

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