Banque Misr and the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) signed on June 17 a cooperation protocol to stimulate local real estate financing.
Minister of Planning and Economic Development Hala El Saeed has uncovered the allocation of EGP 93.5 bn to the Egyptian healthcare sector in the FY 2020/21 budget, reflecting a 28% hike from allotments of the year-ago period.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the provision of 768 social housing units in Minya and Fayoum as temporary isolation housing or wards for Coronavirus patients.
Minister of Planning and Economic Development Hala El Saeed said the government has ratified the allocation of EGP 8.5 bn for the establishment of 13 industrial zones nationwide to support small- and medium-sized enterprises (SMEs).
The New Urban Communities Authority (NUCA) will cut late fees owed on residential and commercial properties in new cities for the next two months, in the efforts to spur owners to pay off their arrears.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar began a 14-day self-isolation on June 11 for having been in contact with a Coronavirus carrier.
New Urban Communities Authority (NUCA) Deputy Head of Development of New Cities Alaa Abdel-Aziz followed up on projects implemented in New Alamein.
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.
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.
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.
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