News / Government

New Cairo Awaits Delivery of 2 Phases of Sakan Misr

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that New Cairo will witness the hand over a new batch of the Sakan Misr middle-income project's first and second phases from November 1 to December 30.

Gov’t Follows up on New Rashid Strategic Plan

Minister of Housing Utilities and Urban Communities Assem El Gazzar has reviewed the general strategic plan for the new city of New Rashid.

Egypt’s Foreign Reserves Increase to USD 38.43 bn

Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.

El Gazzar Follows Up on Delivery of Beit El Watan Plots

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with several ministerial officials to follow up on the handing over of land plots in the "Beit El Watan" project, which is being developed to cater to Egyptian expats.

PM Discusses Training of NAC Employees

Prime Minister Mostafa Madbouly had held a meeting to follow up on the training of employees nominated to move to the New Administrative Capital (NAC).

El Gazzar Reviews Implementation of Social Housing Units

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has followed up on the implementation of social housing units across several governorates and new cities.

IDA Intends for 13 New Industrial Zones Across Egypt

Chairman of Industrial Development Authority (IDA) Mohamed Zalat has unveiled plans for the establishment of 13 high-quality industrial zones across Egypt for entrepreneurs and small investors.

FRA Raises Mortgage Funding Limit to 15%

The Financial Regulatory Authority (FRA) has signed off on allowing Egypt-based mortgage finance companies to lend up to 15% of their capital base to an individual household, instead of 10% earlier.

Official Tours Ongoing Social Housing Projects in October Gardens

New Urban Communities Authority Communities’ (NUCA) Vice President Kamal Bahgat has followed up on the progress of ongoing projects in October Gardens, west Cairo.

Housing Ministry to Deliver Residential Plots in West Cairo

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has stated that the 6th of October City Development Authority will start handing over the most distinguished residential plots in the ninth district of the urban area.

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