News / Government

Gov’t Reduces Building Code Violation Fines in New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reduced fines and penalties ​​for reconciliation in building violations in new cities from 15% to 25%.

New Damietta Sees An Electric Art

New Damietta City Authority launches an artistic initiative to beautify the city, turning all electricity units into descriptive paintings

Cabinet Signs Off on Changes to Real Estate Funds Regulations

Egypt's Cabinet has approved some far-reaching legislative amendments to the Capital Markets Act, which governs real estate funds, in a bid to facilitate and reduce burdens halting property investment.

TSFE, Housing Ministry Discuss EGP 30 bn National Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and The Sovereign Fund of Egypt (TSFE) Chairperson Hala El Saeed have discussed means of cooperation in several national developments, at a combined cost of EGP 30 bn.

Cabinet Nods Building 2 Non-Profit Universities in Egypt

Egypt's Cabinet has nodded the establishment of two non-profit universities in New Salhia and Sharm El Sheikh, in an attempt to better serve different areas and change the scope of higher education in Egypt.

PM Shows Dramatic Loss of Croplands Due to Urban Sprawl

Prime Minister Mostafa Madbouly has confirmed that the state has lost about 400,000 acres of agricultural land due to urban sprawl, adding that unplanned settlements represent almost 50% of total urban areas and villages in Egypt.

Kafr El Sheikh Sees 28 Social Housing Buildings Done: Official

Kafr El Sheikh Governor Gamal Nour El Din has presented work progress on phase III of the city's social housing project, indicating the completion of 28 residential buildings, whereas nine others are nearing allocation.

Minister Tours Almost 29,500 Social Housing Units Underway in Badr City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has followed up on work progress of almost 29,496 social housing units (1,194 buildings) located in the extension of Badr City, or "Capital Gardens."

El Gazzar Meets Export Council for Real Estate Investment Members to Address Property Export

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with members of the Export Council for Real Estate Investment to discuss future mechanisms to catalyze exporting real estate in Egypt.

New Borg El Arab Sees EGP 5.33 bn to Date: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Alexandria's New Borg El Arab is being developed as a full-service industrial city, incorporating 10 free zones and 45,054 residential units, with investments valued at EGP 5.33 bn thus far.

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