News / Government

NUCA Official Follows Up on New Alamein Projects

New Urban Communities Authority (NUCA) Deputy Head of Development of New Cities Alaa Abdel-Aziz followed up on projects implemented in New Alamein.

Egypt Digitizes 40% of Local Property Registration Offices: Minister

Minister of Justice Omar Marwan has confirmed that roughly 40% of Egypt's real estate registration offices have been digitized, with more in the pipeline as part of the state's digital transformation efforts to achieve financial inclusion.

Gov’t Finalizes Almost 1,800 Development Projects in Upper Egypt

Sohag and Qena have seen 1,796 projects completed as part of the state's Upper Egypt Local Development Program, while 779 others are still underway.

Gov’t Imposes 6-Month Ban on Building Permits

Local Development Minister Mahmoud Shaarawy has announced a six-month ban on construction permits in various urban cities, including Greater Cairo and Alexandria, pending verification of complying with building codes.

NUCA’s EGP 4 bn Bond Issuance Wins ‘Deal of the Year 2020’

The Banker, a sister publication of the Financial Times, granted the New Urban Communities Authority's (NUCA) EGP 4 bn bond issuance the “Deal of the Year 2020 - Africa” award.

Gov’t Almost Finalizes 4,704 Units in New Mansoura

Egyptian housing ministry finished 90% of 4704 units, or 196 buildings, at the first phase of Sakan Misr middle-income project in New Mansoura.

NUCA Extends Deadline for Land Payments: Expert

Mena Group Founder and Vice-Chairman of Egypt Businessmen’s Association (EBA) Fathallah Fawzy has confirmed that the government signed off on the real estate developers' request to extend the deadline for all land installments by six additional months, at Invest-Gate's "Smart Real Estate Market Amid COVID-19" roundtable.

SHMFF Launches its Official Facebook Page

The Social Housing and Mortgage Finance Fund (SHMFF) launches its official Facebook page on May 16, Invest-Gate reports.

New Damietta Sees Almost 3,400 Sakan Misr Units Done

New Damietta saw the completion of 3,384 residential units, or 141 apartment buildings, as part of the Sakan Misr social housing project, while 1,440 others are underway.

Over 9,000 Units to be Ready for NAC Employees in August

Badr City will see 9,024 apartments completed by next August for the first batch of government employees to move to the New Administrative Capital (NAC) once the ministerial district is up and running, Invest-Gate reports.

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