News / Government

Housing Ministry, Developers Will Soon Meet to Review Real Estate Development Bill

Egyptian real estate developers and the Ministry of Housing will meet by March-end to discuss the draft law of real estate development bill, which stipulates the establishment of a federation for property developers and set up a fund to hedge against sector-related risks.

Egypt’s Urban Inflation Rises to 14.4% in February

The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that the annual headline inflation rate reached 14.4% in February 2019, compared to 12.7% in the prior month.

Deputy Minister Talks to Foreign Media on MIPIM Sidelines

Khaled Abbas, deputy minister of housing for national projects, said real estate investment in Egypt is one of the promising sectors, while referring to the new cities being implemented by the state, including the New Administrative Capital (NAC), New Alamein, New Mansoura, El Galala City, amongst others.

Sadat City to Boast 50-Acre Tourism Project

The New Urban Communities Authority’s (NUCA) board has approved the allocation of a 50-acre plot in Sadat City to Egypt's tourism investment company Cairo Grand Park for the establishment a new tourism project.

Gov’t Implements 2,946 Units in New Aswan: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that a total of 66 fully-finished villas and 2,880 social housing units are being developed in New Aswan's 1,050-acre tourist strip.

GAFI Plans to Establish 12 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently studying the establishment of 12 new investment zones in a number of governorates in Egypt

Madbouly Maps Out Priority Areas for Development in Egypt

Prime Minister Mostafa Madbouly Cabinet issued a decision that maps out priority areas in Upper Egypt that are in need of the Upper Egypt Development Authority’s attention

Cabinet Allocates Land to Establish Ras Sudr Airport

Egypt's cabinet has approved the president's draft resolution to reallocate a state-owned land plot for the development of an international airport in Ras Sudr, South Sinai.

Gov’t Provided EGP 14 bn Mortgage Finance Till June-End 2018: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said EGP 14 bn worth of mortgage finance support has been provided till the end of June 2018, while the value of financial support to beneficiaries of the social housing project amounted to approximately EGP 2.6 bn.

Gov’t Targets Doubling Egypt’s Habitable Areas: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the state aims to increase Egypt's inhabited land to 12-14%, as only 6-7% of the country's total land area is currently habitable, in order to achieve the objectives of Egypt's National Strategic Plan for Urban Development 2052.

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