Egypt is nearing to finalize a deal for an entertainment district in the New Administrative Capital (NAC), east Cairo
Primer Minister Mostafa Madbouly has mandated the swift finalization of a draft law to establish the "Egyptian Federation for Real Estate Developers," which aims to regulate property development, ahead of its presentation to the cabinet for approval.
West Assiut's Nasser City will witness the finalization of 1,584 social housing units, together with 1,440 apartments in the city’s Sakan Misr medium-income project, by next December
The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.
Prime Minister Mostafa Madbouly inaugurated on September 7 the Investor Service Center (ISC) in Minya, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.
West Cairo's New October City and October Gardens will shortly have a total of 147,680 social housing units completed, as part of the state's social housing project, which aims to provide adequate, affordable homes.
Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% by 2021.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on September 1 that 25,440 social housing units have been completed and handed over in October Gardens, west Cairo
The New Urban Communities Authority (NUCA) has inked a cooperation protocol with subsidiaries of Holding Company for Cotton, Spinning, and Weaving on the development of integrated urban projects within two plots owned by the latter on Mahmoudia Axis, Alexandria
Egypt will launch an electronic platform for investors to buy industrial plots soon, amid efforts to promote transparency and fair competition within the sector, while promoting and making use of the available land opportunities.
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