News / Government

Work on New Alamein Coastal Towers to Conclude in 2021: Minister

Egypt has constructed about 84% of the 15 coastal towers being undertaken in New Alamein, which are scheduled for finalization in 2021.

Egypt Builds EGP 49 bn Commercial, Logistics Zones in 11 Provinces

Egypt has set up 18 commercial and logistics projects in 11 governorates, at a total cost of almost EGP 49 bn.

Work on NAC’s Capital Park Must Conclude Before 2021: Abbas

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has undertaken a follow-up visit to the New Administrative Capital’s (NAC) Capital Park project, where he called on contractors to finalize work on-site before year-end.

Official Visits New Sphinx’s HyperOne Before Opening

Head of New Sphinx Development Authority Khaled Sorour has paid a visit to HyperOne's newest branch in west Cairo's New Sphinx to keep abreast of the latest preparations for the official inauguration, which is set to make way for further investments in the new city.

Egypt to Build 4 Non-Profit Universities Nationwide

President Abdel-Fattah El-Sisi has issued a presidential decree to implement four new non-profit private universities, in an attempt to better serve different areas and change the scope of higher education in Egypt.

New Alamein Holds 1st Auction for 11 Properties

New Alamein City Authority has held the first auction for 11 mixed-use properties, in a bid to offer the necessary services and facilities to roll out a fully-fledged all-year-round city.

El Gazzar Reviews Plan to Develop Saint Catherine City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reviewed the proposed development plan for South Sinai's Saint Catherine city, in an attempt to revive the historical site.

El-Sisi Mandates Execution of EGP 30 bn Non-Profit Universities

President Abdel-Fattah El-Sisi has directed the Egyptian government to approve the development of several state-run non-profit universities, at a total cost of EGP 30 bn.

Annual Headline Inflation Down to 4.6% in July: CBE

The Central Bank of Egypt (CBE) has reported a decline in the country's annual headline inflation to 4.6% in July - the lowest since November, compared to 5.6% last June and 7.8% in the same month a year earlier.

Cabinet Ratifies Building Investment Zone in Uptown Cairo

The Egyptian Cabinet has approved Emaar Misr's request to implement a 64-acre investment zone in its flagship project on east Cairo's Mokattam Hills, or "Uptown Cairo."

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