News / Government

FDI Could Grow by 20-25% Next Year if it Reaches its FY 17/18 USD 10 bn Target: El Garhy

Foreign direct investments could grow by 20-25% in fiscal year 2018-19 only if its hits this year’s USD 10 bn target

Gov’t to complete EGP 275 bn Sinai Development by 2022

The development of Egypt’s Sinai Peninsula is expected to be completed by 2022 at a cost of around EGP 275 bn

Minister of Housing Lays Cornerstone for Wholesale Market in Sadat City

Minister of Housing Mostafa Madbouly has laid the cornerstone for an 80-acre wholesale market in Al-Tahadi 1 area in Sadat City

Madbouly Follows up on Drainage Works After Flooding Rains

Egypt’s Minister of Housing Mostafa Madbouly has checked up on the water drainage efforts currently taking place in New Cairo following heavy rainfall that caused power outage in some districts

Tatweer Misr Unveils in Site Tour Latest Updates on IL Monte Galala

Located in Ain Sokhna, IL Monte Galala spans an area of 2.240 mn square meters.Units are built on different ground levels to allow all customers to enjoy a sea view

Minister of Housing Signs USD 8.1 mn deal with Switzerland to Fund ‘Hayyena’ project

Minister of Housing Mostafa Madbouly has signed a USD 8.1 mn deal with Switzerland to fund an urban development project, as part of an Egyptian-Swiss agreement for financial and technical cooperation in 2013

Egypt to Keep Ports Open Around the Clock

Egypt's cabinet has approved to keep ports open for business 24 hours a day, rather than the normal 16 hours in order to cut down on “long waiting times,”

Egypt Property Show Starts in Dubai with Egypt’s Top Real Estate Developers

The second edition of Egypt Property Show (EPS), returned to Dubai on April 11 at the Dubai World Trade Centre, offering numerous investment opportunities in Egypt’s real estate market,

NUCA Cuts Penalties on Delayed Payments for Units and Plots in New Cities

The New Urban Communities Authority (NUCA) has approved the reduction of penalties imposed on individuals and developers for delayed payments, for residential and commercial units and small land plots of less than 8400 square meters, within all new cities, purchased through the authority

Gov’t Unveils Largest Offering of Land, Housing Units for 2018/2019

Minister of Housing Mostafa Madbouly has revealed details of the largest offering of housing units and residential, investment, and service plots for 2018-2019, which is currently being implemented and will be announced for registration within days

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