News / Government

Egypt’s Annual Headline Inflation Falls in July

The Central Bank of Egypt (CBE) has revealed that July’s annual headline inflation decreased by 1% compared to a month earlier, recording 13.9%

Development of Ras Gharib’s Slums Area To Be Finished Soon

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has revealed that construction and finishing of units in the development project of slums area in Ras Gharib, Red Sea Governorate, will be completed soon

Housing Ministry, Informa Ink MoU to Promote Real Estate

The Ministry of Housing, Utilities and Urban Development has signed a memorandum of understanding (MoU) with Informa Exhibitions, organizer of the real estate exhibition Cityscape Global, on August 2 to market the Egyptian real estate

Egypt, China Sign Deal for Mega Projects in New Capital

Egypt and China have signed an agreement to implement and establish a number of mega projects in Egypt’s New Administrative Capital

NUCA to Assign Contracts For Six PPP Projects

The New Urban Communities Authority (NUCA) has agreed on assigning contracts for six new projects as part of the second phase of the public private partnership (PPP) projects

Trial Operation of Sheikh Zayed Garden Begins

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has announced the beginning of the trial operation of the central garden in Sheikh Zayed city before opening it to the people

Novus Stanza No Longer to Develop Project in New Capital

Egypt’s Administrative Capital for Urban Development (ACUD) announces that Novus Stanza Properties has reportedly withdrawn its offer to develop and establish a residential project in the New Administrative Capital

1st Phase of Rowaysat To Be Delivered by September 2018

Prime Minister Mostafa Madbouly, who is also the Minister of Housing, Utilities, and Urban Development, has revealed that the first phase of developing Rowaysat in Sharm El Sheikh is being completed

Gov’t to Offer Majority Stake in Heliopolis Housing for Investors

Prime Minister Mostafa Madbouly has discussed a plan for the initial public offering (IPO) of some of the national firms

1st Phase of New Al-Alamein Will Be Ready by 2020: Madbouly

Prime Minister Mostafa Madbouly,  who is also the Minister of Housing, Utilities, and Urban Development,  has stressed on the necessity of finishing the first phase of New Al-Alamein city before 2020

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