The Egyptian government agreed on January 5 to undertake extensive renovation works at downtown and south Mansoura, with costs estimated at EGP 250 mn, intending for completion by next year.
Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches by next June.
The online reservation of 6,101 residential units, located in 13 new cities within Sakan Misr and Dar Misr middle-income housing projects, has commenced as part of the state's plans to accommodate families of all income brackets.
Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.
Egypt's government has outlined a comprehensive plan to remove encroachments on the Nile River and completely overhaul the site as a first step toward implementing "Ahl Masr Corniche," or People of Egypt Walkway, running between Cairo and Aswan.
The New Urban Communities Authority's (NUCA) planning and projects sector has facilitated the promulgation of ministerial approvals for the implementation of about 109 urban and service investment projects across 17 new cities in 2019.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.
CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country
Egypt's newly-introduced sovereign wealth fund (aka Tharaa) received on December 18 the Cabinet approval to hold the rights to overhaul the main entrance of Salah El Din Citadel, or "Bab El Azab," under a 49-year contract.
The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the prior-year period.
Page 139 of 253
Get all latest content delivered to your email a few times a month.
Welcome! Login in to your account
Back to Login