News / Government

Work in Full Swing at Old Cairo’s NMEC: Minister

Egyptian Antiquities Minister Khaled El Anani has unveiled that the second phase of the National Museum of Egyptian Civilization (NMEC) in Fustat, south Cairo, is 95% completed, while 96% of the third phase's works are done, including three main exhibition halls covering a total surface area of 6,290 square meters.

DLD, Etisalat to Create Real Estate Blockchain Platform  

Dubai Land Department (DLD) and Emirates Telecommunications Group Company (Etisalat) have joined forces to introduce a real estate blockchain platform, called "Ejari" application, that ensures paperless management and digital contracts for property transactions, using a smart and secure database.

Egypt, EU Kickstart EUR 3.1 mn Project to Revamp Egyptian Museum

Egypt announced on June 17 embarking on a three-year project to revamp the Egyptian Museum, west Cairo, financed by EUR 3.1 mn of EU funding and backed by a consortium of five European museums, promising to preserve and enhance the storied site.

New Alamein Int’l University to Open This Fall

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas announced on June 17 the inauguration of New Alamein International University for Sciences and Technology in the North Coast, with the first academic year scheduled to commence as of next September.

Over 260 Development Projects Underway in Giza: Official

Giza Governor Ahmed Rashid said on June 11, during a meeting held with Prime Minister Mostafa Madbouly, that 260 projects are underway in the province, with costs estimated at EGP 12.5 bn, in addition to other developments being established with EGP 217 mn worth of investments.

NUCA to Soon Offer More Housing Units, Lands in New Cities

The New Urban Communities Authority (NUCA) will soon offer additional lands and residential units in various new cities as well as Sakan Misr for middle-class housing, in order to meet demands of the distinct segments seeking to invest or reside in these areas.

CBE Posts USD 112 mn Hike in Net Foreign Reserves by End-May

The Central Bank of Egypt (CBE) has indicated that the country managed to add USD 112 mn to its reserves base in May to close the month at USD 44.274 bn, compared to USD 44.218 bn at end-April

Cabinet Amends Regulations of Real Estate Funds

Egypt's cabinet issued a decree on June 11 to amend the executive regulations of "Capital Markets Act," governing real estate funds, in an attempt to facilitate and reduce burdens halting real estate investment.

Drawings of Saqqara Development Project to be Ready Before End-June

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the swift preparation of drawings for the restoration of ancient Saqqara archaeological area before the end of June, coming up to provide an array of services to potential visitors and contribute to the growth of inbound tourism as a result

Housing Committee Mulls Amendments to Old-Rent Contracts

Egyptian Parliament's Housing Committee approved on June 11 a proposed amendment that would see tenants, who signed long-term leases before 1996 and are using their properties for non-residential purposes, pay significantly higher rents.

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