Dar Misr Extends Installment Collection Term

• Monday, 10th April 2017
• by Menna A. Farouk

The state-run New Urban Communities Authority extends the term for installment collection in the second phase of the “Dar Misr” units until the date buyers are notified of receiving them, Invest-Gate reports.

Over 1,000 Social Housing Units Underway, Sohag

• Monday, 10th April 2017
• by Menna A. Farouk

A total of 1,632 residential units are under construction in a social housing project undertaken by the government in the new city of Akhmeme in Sohag, Upper Egypt, Invest-Gate reports.

US Aid Package to Egypt Seeks More Private Sector Participation

• Thursday, 6th April 2017
• by Fatma Khaled

US companies plan to pump investments in Egypt and make use of the US aid package to the country to attract more private sector participation in sustainable development, Invest-Gate reports.

Collection of Property Taxes Goes Digital Soon

• Thursday, 6th April 2017
• by Leena ElDeeb

The government will launch an electronic payment system for the collection of real estate taxes soon, MENA reports.

Austrian, Spanish Loans Help Inaugurate Water Plants, June 30

• Monday, 3rd April 2017
• by Leena ElDeeb

The Ministry of Housing, Utilities and Urban Communities will hand over four water plants powered by an Austrian loan in Giza, Assiut, Sohag, and Aswan by June 20. It is also set to hand over two water plants powered by a Spanish loan in North Sinai and Matrouh, Invest-Gate reports.

Egypt Gets Second Tranche of AfDB Loan

• Monday, 3rd April 2017
• by Leena ElDeeb

Egypt received on March 31 the second tranche of USD 500 mn from the USD 1.5 bn loan financed by the African Development Bank (AfDB) over a three-year period as part of a comprehensive program to economically develop and support the government's socio-economic program, Invest-Gate reports.

Egypt Sets Up Entrepreneurship Company to Support SMEs

• Thursday, 30th March 2017
• by Menna A. Farouk

The Egyptian government signs an agreement with the Saudi Fund for Development and Egyptian investment bank NI Capital to establish a EGP-451-mn company aiming to support SMEs and foster innovation, Invest-Gate reports.

Completion of Developments at New Administrative Capital in 2018 Confirmed

• Wednesday, 29th March 2017
• by Menna A. Farouk

The completion of large developments across the New Administrative Capital by the end of 2018 is confirmed at the inaugural of Cityscape Egypt 2017, Invest-Gate reports.

Gov’t to Build New Homes in Cairo’s Maspero Triangle

• Tuesday, 28th March 2017
• by Fatma Khaled

The Egyptian government will demolish slums in Maspero Triangle located in the heart of Cairo and develop them into residential units, Invest-Gate reports.

Gov’t Builds 2,000 Housing Units in New Al Alamein City

• Sunday, 26th March 2017
• by Fatma Khaled

The Egyptian Ministry of Housing is currently establishing approximately 2,000 social housing units in New Al Alamein City, 700 of which are being finalized, Invest-Gate reports.