News / Government

Egypt Launches New EGP 100 bn Mortgage Finance Initiative

Egyptian President Abdel Fattah Al-Sisi directs the Central Bank of Egypt (CBE) to launch a new mortgage finance program worth EGP 100 bn, Invest-Gate reports.

NAC Year-End Inauguration Under Discussion

Prime Minister Mostafa Madbouly holds a meeting on March 8 to discuss the arrangements and activities of the inauguration of the New Administrative Capital (NAC) by the end of this year, Invest-Gate reports.

Abbas Inspects NAC’s Capital Park

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas pays an inspection visit to the site of New Administrative Capital (NAC)'s Central Park, to take stock of the project progress, Invest-Gate reports.

New Mansoura City’s Housing Development Nears Completion

Deputy Minister of Housing, Utilities, and Urban Communities Khaled Abbas announces the completion of 4,704 housing units (196 buildings), in the Egypt Housing project in the New Mansoura City, with an implementation rate of 94%, Invest-Gate reports.

Gov’t: 55% of Housing for All Egyptians Initiative Completed in 6th of October

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirms the completion rate of 24,888 housing units (1,037 buildings) of the initiative of "Housing for All Egyptians", in the 6th of October City, reached 55%, Invest-Gate reports.

Real Estate Chamber Supports Real Estate Registration Law

The Real Estate Development Chamber intends to prepare proposals on the amendments to the Real Estate Registration Law, Invest-Gate reports.

The Latest On NAC’s 1 of 20 Iconic Towers

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announces the implementation of 60 floors in the iconic tower in the Central Business District of the New Administrative Capital, Invest-Gate reports.

Prime Minister Reviews New Construction Requirements

Prime Minister Mostafa Madbouly holds a meeting to review the new construction requirements with members of the local Administration and Housing Committees, Invest-Gate reports.

Gov’t Inspects Entrance of New Damietta City

Mohamed Ragab, head of the New Damietta Development Authority and supervisor of New Mansoura City, has inspected the implementation work to enhance the efficiency of the western entrance of the new city of Damietta and the extension road (A2), Invest-Gate reports.

El Gazzar Inspects New Aswan City Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and Major General Ashraf Attia, governor of Aswan, have inspected the tourist river strip projects in the new city of Aswan, Invest-Gate reports.

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