Egypt’s cabinet is currently reviewing the Real Estate Development Law legally to be sent soon to the parliament for approval
Egypt's cabinet approved draft amendments to the Real Estate Tax Act, exempting idle land from property tax
The Central Bank of Egypt (CBE) decided to maintain the overnight deposit rate at 12.25%, while the overnight lending rate remained unchanged at 13.25%
Egypt’s annual headline inflation rate rose to 7.1% in December 2019, compared to 3.6% in November of the same year
Executive Director of the Development Fund for Slums Khaled Siddiq said that work is ongoing on three residential towers in Maspero Triangle to welcome its former dwellers
New Urban Communities Authority Communities' (NUCA) Vice President Kamal Bahgat said 5,800 social housing units in Sadat City had reached an execution rate of 75%.
Suez Governor Abdel Mageed Saqar and Executive Director of the Informal Settlements Development Fund (ISDF) Khaled Siddiq have inked cooperation agreement to revitalize 15 slums in Suez.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that phase I of Badr City's Sakan Misr middle-income project, which comprises 1,272 apartments, reached a completion rate of 96%.
Minister of Housing, Utilities, and Urban Communities Assam El Gazzar has confirmed that New Damietta witnessed the finalization of a total of 10,476 social housing units in 2019.
The government is working on developing a total of 26,064 residential units in New Cairo's Sakan Misr and JANNA public housing projects, with investments estimated at EGP 9 bn
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