News / Government

South Sinai Sees Major Uplift to Feature EGP 1.7 bn New Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled that the Central Agency for Reconstruction has carried out 40 different service and development projects in South Sinai, at a cost of almost EGP 1.7 bn.

Egypt’s Long-Term External Debt Records Increasing

Egypt’s long-term external debt increased in 2019 to USD 90.6 bn- up from the USD 80.6 bn recorded in 2018 - with USD90.3 bn of this debt acquired by the public sector, according to the World Bank’s international dept statistics report 2021, Ahram Online reports.

Prime Minister Follows up Implementation of 250,000 Social Housing Units

Mostafa Madbouly, Prime Minister, has followed up the implementation of 250,000 social housing units, Invest-gate reports.

Gov’t: Hadayek Al-Asemah Sees 29,496 New Housing Units

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, has stated that 29,496 housing units (1194 buildings) have been implemented in the Social Housing Project, in district Hadayek Al-Asimah (Capital Gardens), highlighting that the current implementation rate is at 47%, while the targeted implementation rate was 34%

Projects in the New Mansoura City are in Progress

Kamal Bahagat, assistant Vice President of the Authority for the Development Sector and Urban Development, has inspected projects in New Mansoura City, invest-Gate reports.

Ras El Hekma to See New Alamein-Like Towers: Minister

Marsa Matrouh Governorate will see the new Ras El Hekma city be developed as a fully-fledged urban area to provide some prosperous investment grabs, with designs akin to the North Coast's New Alamein.

El Gazzar Reviews Updates on Ain El Sira Lake Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has inspected work underway on the comprehensive development project of the historic Ain El Sira Lake to keep abreast of the recent updates on-site.

New Assiut Preps for Long Winter Ahead

Preparations for the upcoming winter months in New Assuit is well underway, as part of the state's directives to protect citizens and preserve investments and real estate wealth amid the season's heavy rains and flash floods.

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.

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