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.
Egyptian housing ministry finished 90% of 4704 units, or 196 buildings, at the first phase of Sakan Misr middle-income project in New Mansoura.
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.
The Social Housing and Mortgage Finance Fund (SHMFF) launches its official Facebook page on May 16, Invest-Gate reports.
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.
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.
The Central Bank of Egypt (CBE) has decided to broaden the base of beneficiaries of its EGP 100 bn industry stimulus initiative to include the contracting sector.
Construction at the New Administrative Capital (NAC) is moving forward in full swing, with work being stretched over two shifts and a 70% labor force present on-site.
As Egypt seeks relief for the tourism sector, a range of health and safety requirements has been released by the government to be embraced by hoteliers to safely welcome back guests and employees, while also guarding against Coronavirus spread.
The Central Bank of Egypt (CBE) has decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25%, 10.25%, and 9.75%, respectively.
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