News / Government

Minister of Housing Announces EGP 85 bn Budget for 2018/19, Largest in NUCA History

Minister of Housing Mostafa Madbouly announced the largest budget for the New Urban Communities Authority (NUCA) in its history, amounting to EGP 85 bn for the fiscal year 2018/2019, during his meeting with NUCA’s Board of Directors

Dubai Registers 150 Real Estate Projects Worth USD 22.34 bn in 2017

The Dubai Land Department (DLD) announced that 90 projects were completed and 150 projects worth USD 22.34 bn were registered in Dubai in 2017

Saudi Arabia to Invest USD 64 bn in the Entertainment Sector

Saudi Arabia plans to invest USD 64 bn in developing its entertainment sector over the next decade, Ahmed Bin Aqeel Al-Khatib, chairman of the Saudi General Entertainment Authority (GEA) said

Egypt, InterContinental Hotels Groups Sign Deal to Manage 100 Tourist Rooms at New Alamein

Housing Minster Mostafa Madbouly held a meeting with Pascal Goven, chief executive officer of InterContinental Hotels and Resorts in India, Middle East and Africa (IHG) on Monday, agreeing to sign a cooperation protocol which will allow InterContinental, Holiday Inn and Stay Bridge Suites Cairo-Citystars to manage 100 tourist rooms in New Alamein city

Egypt’s Housing Ministry Sets Up “Sheikh Zayed Youth Street” Project

Housing Minister Mostafa Madbouly has announced his ministry’s plan to set up the "Sheikh Zayed Youth Street" project, one of the ministry’s development projects in the satellite city of Sheikh Zayed

Housing Units Under Construction for Residents of Unsafe Areas in South Sinai

The Slum Development Fund (SDF), affiliated with the ministry of housing, has nearly completed building 496 housing units in Sharm El Sheikh’s Ruwaisat area and has started to establish 624 others, as a second phase of the area’s development project

Gov’t to Deliver New Units in Dar Misr Phase 1

Egypt’s Ministry of Housing will start on February 25 delivering 10 residential buildings in the first phase of Dar Misr housing project in Obour City

Central Bank of Egypt cuts interest rates by 100 basis points

Egypt cut interest rates by 100 basis points for the first time since the currency floatation back in November 2016, Egypt’s Central Bank (CBE) said on Thursday

Egypt Launches Its First Electric Vehicle Charging Station

Egypt launched its first electric vehicle (EV) charging unit by the Revolta Egypt Company in the presence of the Egyptian Minister of Trade and Industry Tarek Kabil

Egypt’s Health Ministry Plans Medical City at New Administrative Capital

The medical city will comprise three hospitals, each one of them will be built on an area of 20,000 square meter and will contain 300 beds

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