News / Government

Saudi Real Estate Refinance Predicts Temporary Mortgage Slowdown

Saudi Real Estate Refinance Company (SRC) has expected a temporary slowdown in the mortgage market over the next few months due to the new coronavirus, Reuters reports.

Works Underway to Upgrade El Wahat Road: Official

The New Urban Communities Authority (NUCA) Assistant Vice President Kamal Bahgat followed up on upgrade works at El Wahat Road in the 6th of October City

Steel Beams Installed for El Zomor-Haram Axis Bridge: Minister

Minister of Housing, Utilities and Urban Communities Assem El Gazzar said that steel beams for the axis bridge at the intersection of El Zomor Canal Axis and Haram Street are installed

Development Projects Are Underway in New Cities: El Gazzar

The Minister of Housing, Utilities and Urban Communities Assem El Gazzar asserted that development projects in new cities are underway in a bid to consistently implement the National Strategic Plan for Urban Development 2052, Invest-Gate reports.

Moody’s Keeps Egypt’s Credit Rating At B2

The credit profile of Egypt rating at B2 is supported by A3 economic strength according to Moody’s report, as reported by Ahram Online.

Reservation for 1,359 Units in JANNA Across 6 New Cities Opens

Reservation for 1,359 housing units in JANNA project across six new cities (6th of October, Sheikh Zayed, New Cairo, New Mansoura, New Damietta, Al-Shorouk) is now open.

250k New Social Housing Units To Be Built

Minister of Housing, Utilities and Urban Communities Assem El Gazzar discusses the implementation of 250,000 new social housing units across different governorates and new cities, Invest-Gate reports.

Housing Minister Follows up on Mountain View’s Projects

Minister of Housing, Utilities and Urban Communities Assem El Gazzar met with officials from Mountain View Real Estate and Urban Development Company, to follow-up on the precautionary measures the company took to protect workers on work sites from the coronavirus (COVID-19), Invest-Gate reports.

Ahl Misr Walkway Phase I to be Completed By End-June

The New Urban Communities Authority’s (NUCA) Assistant Vice Head Gamal Talaat declared that the first phase of Ahl Misr Walkway is to be finalized by the end of June 2020, with a total length of 2 Km, Invest-Gate reports.

Online Reservation of Rehab Extension Units Starts: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated that electronic reservation of 238 housing units has begun at the ninth phase of Rehab extension project in New Cairo

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