The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that Egypt's annual headline inflation rate dipped to 13% in April from 14.2% in the prior month.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held a meeting on May 17 to follow up on the development of Egypt's unsafe informal areas as well as progress made with regards to Maspero Triangle Development Project.
The Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) is considering the mechanism of private real estate compnaies' participation in the development of low- and middle-income housing projects
Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.
New Mansoura saw about 4,704 residential units, within 196 buildings, 79% completed in Sakan Misr medium-income project.
Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cairo.
Chairman of Egyptian Real Estate Council (ERC) Adel Lotfy said a draft proposal has been completed for the development of social housing projects for young people in partnership with the government
UAE-based Sheikh Zayed Housing Program has approved the launch of engineering consultancy tenders for the construction of a 250-unit residential neighborhood at Khor Fakkan in Sharjah’s eastern region.
The Egyptian government managed to record an initial budget surplus of EGP 35.6 bn during the first nine months of FY 2018/19.
The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.
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