Minister of Tourism Rania Al Mashat has announced the opening of Egypt's pavilion at the World Travel Market (WTM) in London, attempting to provide visitors with "an immersive glimpse of what the country has to offer to suit all tastes and budgets"
Chairman of China State Construction Engineering Corporation (CSCEC), the company responsible for establishing the business and financial district in the New Administrative Capital (NAC), said the firm plans to train 10,000 Egyptian construction workers through free training courses as it builds the business district of NAC
Egypt's economy grew by about 5.3% YoY during the first quarter of the FY 2018/19, with gas, telecommunication, and construction sectors, as well as revenues from the Suez Canal, mainly contributing to such growth
New Mansoura Authority Deputy Chairman Yasser Kahla said that the first phase of the new city is expected to see investments worth EGP 45 bn, with expectations to be implemented within three years
Deputy Minister of Housing for National Projects Khaled Abbas unveiled on November 4 the necessary requirements for foreigners who will be granted the Egyptian residency in return for purchasing a real estate property
The International Monetary Fund (IMF) said on October 31 it had reached a staff-level agreement with Egypt to disburse another USD 2 bn in funds, bringing the total disbursements under the program to nearly USD 10 bn, out of the country's USD 12 billion extended fund facility arrangement
Planning Minister Hala El-Saeed said on October 31 that the government is seeking to achieve a growth rate of 10% in the country's GDP by the end of FY 2029/30
Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly announced on October 25 that ministry has finalized the central garden in Sheikh Zayed city and is currently being prepared for public opening
Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly met a World Bank delegation on October 26 to discuss providing USD 500 mn loan he had requested from the bank in July to support the country's social housing development
The New Urban Communities Authority (NUCA) announced on October 9 that over 7,000 residential units will be open for reservation at JANNA luxury housing project, starting October 14.
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