News / Government

Pyramids Renovation Project to Open in Q1 2020

Egypt is due to open its USD 500 mn Pyramids Renovation Project in Q1 2020, which will be managed and operated by Orascom Investment Holding (OIH), providing first-class facilities and recreational services on-site.

New Sohag to See 984 Social Housing Units Completed Soon

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 984 social housing units, within 41 buildings, are nearly completed in Egypt's southern city of New Sohag.

DPM Issues Legislation to Regulate Abu Dhabi’s Private Housing

The Department of Urban Planning and Municipalities (DPM) issued on August 29 a legislation to regulate the construction of private villas in Abu Dhabi, UAE.

Gov’t to Finalize 648 Social Housing Units in New Assuit

Egypt's housing ministry is on the verge to finalize 648 social housing units, within 27 buildings, in New Assiut, as part of the state's plan to provide affordable housing to low-income citizens.

Phase I of Hurghada Development Plan Done

Egypt's Red Sea resort of Hurghada is witnessing a comprehensive, three-phase development plan, with phase I newly completed as a prelude for agreeing on projects with the highest priority, in a way that will help boost tourism inflows all year round

Gov’t to Issue Booklet on Reconciliation in Building Violations Law

Egypt's housing ministry will soon issue a frequently asked questions (FAQs) booklet for inquiries on "reconciliation in building violations" law, which aims to codify building code infringements and legalize the status of violators' properties

Egypt Plans for New Museum in NAC

Egypt will soon open a new archaeological museum in the New Administrative Capital’s (NAC) cultural district in the upcoming months, adding up to the country’s growing museum collection

Baron Palace to Reopen Before Year-End

Egypt has finalized 85% of restoration work at Baron Empain Palace in east Cairo's Heliopolis, in preparation for its reopening before year-end, at a total cost of EGP 100 mn.

Egypt to Have 4 New Lulu Hypermarkets Soon

Egypt has inked a USD 500 mn deal with UAE’s LuLu Group International to establish four new hypermarkets nationwide over 12 months, coming as part of the state's plans to expand the Egyptian retail sector and provide low-priced food commodities.

Egyptian Expats’ Remittances Jump 43% in May: CBE

The Central Bank of Egypt (CBE) said remittances of Egyptian expatriates, one of the country’s main sources of foreign currency, leaped to almost USD 3 (EGP 49.7) bn in May, up 43% from USD 2.1 (EGP 34.8) bn a month earlier.

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