News / Government

Gov’t to Issue New Law for Project Registration: Official

The New Urban Communities Authority (NUCA) Deputy Chairman Abdulmutallab Emara has announced that the government plans to issue a new law for the registration of ready phases of any new project to ease the whole process.

NUCA Auctions Over 85 Mixed-Use Units Nationwide

The New Urban Communities Authority (NUCA) is offering 89 properties of different sizes and activities in a public auction sale, notably across Shorouk City, New Minya, Sadat City, New Fayoum, and Obour City

Egypt Holds 4th Largest Pipeline of Branded Residences: Savills

Egypt and the UAE hold the largest volume of under-development branded homes, accounting for around 21%, with the former country currently having two branded residence schemes and 14 projects in the pipeline.

Company Registration 1st Step for Direct Land Allocation: Minister

Investors eager to get mixed-use land plots through the New Urban Communities Authority's (NUCA) new direct allocation system should initially set up a company (joint-stock, solidarity, or individual) that engages in the desired investment activity

Kafr El Dawar Embraces EGP 130 mn Social Housing Project

Kafr El Dawar's social housing project, located in Beheira Governorate, has been officially inaugurated, with investments worth EGP 130 mn.

Egypt Advances 6 Spots in WB’s Doing Business 2020

Egypt's ranking advanced six spots in the World Bank (WB) Group’s Doing Business 2020 report, thanks to the notable reforms being implemented for economic growth.

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.

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