Egypt, Saudi Arabia Seek to Establish 8 Real Estate Projects in North Coast, Red Sea

• Monday, 24th April 2017
• by Nayrouz Talaat

The Saudi-Egyptian Business Council is mulling the establishment of eight real estate development projects in the North Coast and the Red Sea resort towns of Sharm El-Sheikh and Hurghada as President Abdel Fattah El Sisi is on an official visit to the Kingdom, Invest-Gate reports.

Nasr: China to Be Egypt’s Tenth Largest Foreign Investor

• Thursday, 20th April 2017
• by Nayrouz Talaat

Egypt hopes that China will be the country’s 10th largest foreign investor in the coming years, Invest-Gate reports.

CAPMAS Counts Residential Buildings, North Sinai

• Wednesday, 19th April 2017
• by Leena ElDeeb

The state-run Central Agency for Public Mobilization and Statistics (CAPMAS) is starting to count residential buildings in North Sinai, a first-phase operation which will last until May 26, MENA reports.

Gov’t in negotiation with Dubai’s UWI over Real Estate projects

• Wednesday, 19th April 2017
• by Nayrouz Talaat

The Egyptian government is negotiating a deal with United World Infrastructure (UWI), a Dubai and Washington-based infrastructure, investment and development company, to help fill its funding gaps and cooperate to acquire, invest in, design, build, and operate new clusters and other real estate and infrastructure projects, Invest-Gate reports.

Egypt to Increase Share of Renewable Energy to 22% by 2020

• Wednesday, 19th April 2017
• by Fatma Khaled

Egypt is seeking to increase its share of renewable energy sources to 22% by 2020, Invest-Gate reports.

Madbouly Negotiates With WB To Fund Projects

• Wednesday, 19th April 2017
• by Leena ElDeeb

Minister of Housing Mostafa Madbouly has taken off to Washington DC to participate in the annual meetings of the World Bank (WB) to discuss housing, utilities and urban development projects, Invest-Gate reports.

Norwegian Scatec Solar To Invest USD 500 mn in Aswan

• Wednesday, 19th April 2017
• by Leena ElDeeb

Norwegian Scatec Solar company is announcing plans to construct 40 solar power plants worth USD 500 mn in Aswan, Upper Egypt, Invest-Gate reports.

Gov’t Invests EGP 105 bn in Housing Projects

• Tuesday, 18th April 2017
• by Nayrouz Talaat

The government has invested EGP 105 bn in housing, infrastructure projects, and the New Administrative Capital since Minister Madbouli took office on June 30 2016, Invest-Gate reports.

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.