News / Government

Kuwait to Fund Phase II of Sinai Development With USD 1 bn

Egypt and Kuwait signed two financing deals worth over USD 1 bn to finance the second phase of the Sinai development program

Bahrain’s RERA Launches New Real Estate Valuation System

Bahrain's Real Estate Regulatory Authority (RERA) launched on October 21 a new real estate valuation system to ensure greater protection to investors and other sectors including that of banking

Heliopolis Metro Station Opens to Public

Transport Minister Kamel El Wazir inaugurated on October 20 Cairo's Heliopolis metro station, the largest of its kind in the Middle East, as part of the country's plans to renovate and expand the capital's fastest means of transportation.

Over 1,000 Factories Underway in 10th of Ramadan City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,016 factories are underway in 10th of Ramadan City, with investments estimated at EGP 3 bn.

NAC to Change Face of Cairo’s Urban Development: El Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated the construction progress at the 360-acre government district of the New Administrative Capital (NAC) has reached 20%

Developers Involved in Social Housing to Get 75 Acres: Minister

Egypt's housing ministry will extend lands of at least 75 acres each for potential real estate developers who are interested to take part in the development of social housing projects, exclusively to those with advanced expertise, financial solvency, and accumulation control.

Gov’t Holds 1st Meeting for Egypt’s Participation in Expo 2020

The Ministry of Trade and Industry held the first meeting of the National Coordinating Committee to discuss Egypt’s participation in Expo 2020 Dubai

Investments in Shorouk City Touch EGP 3 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into Shorouk City mark about EGP 3 bn, stressing that 4,416 social housing units have been finalized, with 2,905 delivered to beneficiaries.

Headline Inflation Falls in September to Ease More Interest Cuts

Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and charting the path for additional key rate cuts.

West Qena to See 1,680 Housing Units Done by July 2020

West Qena is awaiting the finalization of 1,680 residential units, within 70 buildings, as part of Sakan Misr medium-income project by late June 2020, in the course of providing affordable housing to low-income citizens

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