News / Government

Hurghada, Cairo Among Most Visited Cities in 2018

London-based Euromonitor International said Egypt made a comeback on account of its tourism reform program, placing Cairo and Hurghada among the world's 100 most visited tourist cities in 2018.

Nasser City Secures EGP 7 bn Investments in 18M: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into west Assiut's Nasser City has reached EGP 7 bn during the last 18 months only,

Some Social Housing Projects Get Facility Management Services

Egypt's Ministry of Housing has partnered with Al-Tameer Maintenance Services for Social Housing Company to take over all the facility management duties of 200,000 social housing units nationwide, particularly in new cities, for consecutive five years.

SHMFF Nods Mechanism to Involve Developers in Social Housing

The Social Housing and Mortgage Finance Fund’s (SHMFF) board approved a set of proposed principles, determinants, and mechanisms related to the involvement of private developers in the establishment of social housing projects in Egypt.

Aswan Wins UNESCO Learning City Award

Aswan has received the UNESCO Learning City Award for being one of the world’s top ten learning cities.

New Alamein Coastal Towers 82% Done: Minister

Egypt's housing ministry has finalized 82% of the 15 coastal towers, or 4,500 residences, being undertaken in New Alamein, finishing 34 out of 41 floors at some of them.

Cooperative Housing to Represent 30% of Annual Supply: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said the government is working on increasing the volume of cooperative housing to make up 30% of the annual residential supply, as part of an upcoming five-year plan.

Morocco’s Real Estate Market Slows Down in 2019

Morocco's real estate sector, or the second-largest job provider sector in the North African country, is facing a slow down during the current year amid a notable economic downturn.

Emaar Misr, NUCA Partner for 2 Mixed-Use Projects in West Cairo

Emaar Misr for Development and the New Urban Communities Authority (NUCA) inked on November 27 deals to settle disputes between both sides and allocate plots for the establishment of two integrated urban projects in west Cairo's Sheikh Zayed Extension.

CBE Kicks off Initiative for E-Collection of Mortgage Payments

The Central Bank of Egypt (CBE), in collaboration with the Social Housing and Mortgage Finance Fund, has launched an initiative to start the collection of mortgage installments via e-payment methods in partnership with mortgage lending banks

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