News / Government

Egypt Raises Investment Budget to EGP 230 bn for FY 2020/21: PM

Egypt’s Prime Minister Mostafa Madbouly announced the proposed investment budget for FY 2020/2021 from EGP 150 to 230 bn, Invest-Gate reports.

El Gazzar: EGP 100 bn Projects Obtain Approvals in Q1

Assem Al-Jazzar, Minister of Housing, Utilities, and New Urban Communities, affirmed that there are several achievements made by the Planning and Projects Sector in the New Urban Communities Authority (NUCA) in the first quarter of 2020, Invest-Gate reports.

Abbas Visits NAC’s Capital Park, Reviews Work Progress

Deputy Minister of Housing, Utilities, and Urban Communities for National projects Khaled Abbas followed up on the implementation of the central park complex project, Capital Park, in the New Administrative Capital (NAC) in east Cairo

New Burj Al Arab Head Praises Work Progress at Several Factories

Essam Badawi, head of the New Burj Al Arab City Development Authority, praised the full-capacity production as well as all necessary measures taken to curb the virus, stressing the cooperation of all departments to overcome any obstacles that may face the work process

Egypt’s Suez Canal Achieves Higher Revenues

Egypt’s Suez Canal Authority Chairman Osama Rabie said the canal achieved a 2 % increase in its revenues to USD 1.907 bn during the first four months of 2020

Asphalt is Laid on Roads of 800-Acre Neighborhood: Official

Head of New October City Development Authority Adel El Naggar announced that asphalt is being laid on roads of the social housing project located in section D of the 800-acre neighborhood

Development Projects Underway in New Mansoura

Head of New Damietta Development Authority Mohamed Ragab followed up on projects being implemented in New Mansoura City

Saudi Arabia to Isolate Dammam Over Coronavirus

Saudi Arabia will isolate the industrial area of Dammam from May 3, preventing entry and exit until further notice, to curb the spread of the new coronavirus, state news agency SPA reports.

COVID-19 Affected 5 Sectors in Egypt: Al-Mashat

Minister of International Cooperation Rania Al-Mashat commented that the recent pandemic outbreak negatively affected five main sectors in Egypt, Invest-Gate reports.

NAC’s R3 Reaches 84% Implementation Rate: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated that the implementation rate of R3 in New Administrative Capital (NAC) reached 84%, Invest-Gate reports.

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