News / Government

Gov’t to Deliver Land Plots in New Obour City Mid-March

The New Obour City Development Authority will start on March 15 the delivery of land plots in the most distinguished, social housing, and Beit Al Watan projects

Kuwait Reports USD 12 bn Real Estate Deals in 2019

Kuwait's real estate sector witnessed solid growth in 2019, with the value of the transactions recording KWD 3.7 bn (USD 12.04 bn), the second-highest in the last four years, based on a report by Kuwait Finance House (KFH)

Cabinet Building Nears Completion in NAC: Official

Randa El Menshawy, the first assistant to the Prime Minister for follow-up affairs, said that the cabinet's building is completed by 92% in the New Administrative Capital (NAC), with its exterior and interior finishes underway

JANNA, Sakan Misr in New Cairo Inspected Prior To Delivery

National Utility Communities Authority [NUCA] Deputy Assistant Gamal Talaat inspects housing projects Janna and Sakan Misr based in New Cairo, accompanied by government office and companies carried out the projects officials, Invest-Gate reports.

URGENT: Crowded Activities On Halt Due To Coronavirus Spread

Egypt's Prime Minister Mostafa Madbouly decided, on March 9, to put off crowded events due to the Coronavirus spread until further notice, state-owned Ahram newspaper announced.

Gov’t Invests EGP 69 bn in El Andalus: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar, announced that the 10th of Ramadan's El Andalus neighborhood has so far seen USD 4.4 bn (EGP 68.72 bn) worth of investments in social housing units

SHMFF, Banque Misr Ink Protocol to Provide Mortgage for 1,200 Units

Social Housing and Mortgage Finance Fund (SHMFF) signed a joint cooperation protocol with the Suez Canal Authority and Banque Misr to allocate 1,200 units to the authority's workers union

Gov’t to Develop 202 Projects Worth EGP 944 mn in FY 2019/20

Egypt's Planning and Economic Development Minister Hala El-Saeed said that the government directed investments amounting to EGP 944 mn to implement 202 projects in FY 2019/20

CBE’s Mortgage Initiative to Finance up to 50,000 Units: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that the Central Bank of Egypt's (CBE) EGP 50 bn mortgage initiative will help finance around 40,000-50,000 units

Gov’t Extends Deadline for Applicants of Units in New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced a two-month extension period for applicants who applied for the residential units previously provided in a number of new cities to complete or update the required data

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