News / Government

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.

Gov’t Plans to Establish 400,000 Units in NAC by Mid-2020

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced plans to finalize the construction and operational works of more than 40,000 residential units in the New Administrative Capital (NAC), in addition to a number of utility and service projects, by the end of June 2020.

Net Foreign Reserves Hit USD 44.06 bn by February-End: CBE

The Central Bank of Egypt (CBE) announced on March 4 that the net foreign reserves surged to USD 44.060 bn at the end of February, up from USD 42.616 bn a month earlier

Concrete Works at Africa’s Tallest Building Begin: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said works started on installing the reinforced concrete for the foundations of Iconic Tower, Africa’s tallest building in the New Administrative Capital (NAC)

AIIB’s Loan Approved for Rural Sanitation Services

Egyptian parliament's Housing Committee approved on March 2 presidential decree no. 43 of 2019 for the Asian Infrastructure Investment Bank's (AIIB) loan to improve rural sanitation services.

Over 500 Distinguished Units Reserved in New Alamein: Official

Deputy Chairman of New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs Tarek El Sebai has revealed that 536 distinguished units have been reserved in New Alamein's social housing project

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