News / Government

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.

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.

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