News / Government

Real Estate Chamber Obtains Approval for 2 New Offices

Egypt's Ministry of Housing, Utilities, and Urban Communities has approved the establishment of two headquarters for the Real Estate Development Chamber in the New Urban Communities Authority (NUCA) and the 6th of October City Development Authority's buildings

NUCA Acquires Additional Acres for New Mansoura

Egypt's cabinet has ratified to amend provisions of a presidential decree to reallocate 7,211.35 acres of state-owned lands in Dakahlia Governorate to the New Urban Communities Authority (NUCA), instead of 5,913 acres, for building New Mansoura.

New Aswan Sees Delivery of 1,506 Housing Units

The Ministry of Housing handed over on September 28 the first batch of social housing units in New Aswan to beneficiaries, presenting 1,506 out of the total 3,951 properties allocated to low-income citizens.

CBE Makes 2nd Consecutive Cut to Interest Rates

The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soaring economic growth.

NUCA Offers 46 Villas in Marina Alamein

The New Urban Communities Authority (NUCA) will start issuing the terms and conditions booklets for 46 semi-finished villas in Marina Alamein, North Coast, starting September 29.

El Kassara Slum Sees 126 Units 95% Finished

Rashid City's El Kassara, one of Beheira's unsafe slums, is having five buildings, comprising 117 housing and nine commercial units, 95% completed, with investments worth EGP 25 mn

New Investor Service Center Opens in Port Said

Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Egypt Allots EGP 9.3 bn to Social Housing in FY 2019/20

The government allocated a total of EGP 9.3 bn for the social housing program in FY 2019/20, complementing its plan to ensure decent lives for all citizens through building integrated urban communities.

New Fayoum Sees 1,656 Housing Units Done

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,656 social housing units have been completed in New Fayoum, with 50 apartments already delivered to the beneficiaries.

New Alamein University Welcomes 1st Students

The 2019/20 academic year has officially begun at the Arab Academy for Science Technology and Maritime Transport (AASTMT) in New Alamein, welcoming the first intake of dental and pharmaceutical students.

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