New Convention Center in New Capital to Cost EGP 5.2 B

• Tuesday, 28th June 2016
• by Nadine Abou el Atta

The infrastructure work of the new convention center in the new administrative capital is currently underway, at a cost of EGP 5.3 billion ($600 million), said Minister of Industry and Foreign Trade, Tarek Kabil.

GAFI Discussions Ongoing to Develop Taba-Nuweiba Region

• Saturday, 25th June 2016
• by Nadine Abou el Atta

There are ongoing discussions by the General Authority for Investment (GAFI) to put Taba and Nuweiba on the global investment map for tourism and investment, said member of the Nuweiba-Taba Tourism Investors Association, Hany Gawish, according to Daily News Egypt.

Ministry of Housing Offers 27,876 Social Housing Units in 17 Governorates

• Thursday, 23rd June 2016
• by Invest Gate

The Ministry of Housing has started the implementation of 27,876 residential units, in 17 governorates, to mark the third phase of the social housing project.

Government Opens Online Reservations for Beit Al Watan Project

• Sunday, 19th June 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Development announced on the 19th of June, the launch of its website for reserving units and land lots in the new phase of Beit Al Watan project. The project is tailored for Egyptians living abroad, and reservation will only be available for a period of three weeks, Invest Gate reported.

Housing and Sports Ministers Discuss Implementation of Sports Complex in Administrative Capital

• Thursday, 9th June 2016
• by Invest Gate

Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly and Minister of Youth and Sports, Khaled Abdel Aziz, held a meeting to discuss the implementation of the recreational sports complex in the new administrative capital.

Government Recovers 130 Acres in 10th of Ramadan

• Tuesday, 7th June 2016
• by Invest Gate

130 acres behind Al Ghaba Al Sadsa area in 10th of Ramadan have been reclaimed after the removal of all infringements and transgressions, Adel Saeed Al Naggar, Head of the 10th of Ramadan City Development Authority told Invest Gate.

Housing Ministry to Remove 30,000 Sqm of Encroachments in New Thebes

• Tuesday, 7th June 2016
• by Invest Gate

Ministry of Housing, Utilities and Urban Communities, Moustafa Madbouly issued an administrative decision to remove all infringements over an area of 30,000 square meters owned by the New Urban Communities Authority (NUCA), in region one in New Thebes City.

Housing Ministry to Develop 500 Units in Al Ruweisat Slum Area

• Monday, 6th June 2016
• by Invest Gate

The Minister of Housing, Utility, and Urban Communities, Moustafa Madbouly, agreed to the development of Al Ruweisat slum area, in South Sinai, through the execution of 500 residential units, for the area’s residents.

NUCA to Collaborate with Mountain View to Develop iCity Project

• Monday, 6th June 2016
• by Invest Gate

The New Urban Communities Authority (NUCA) Board will issue within days a ministerial order to develop the iCity project with investments worth EGP 31.97 billion ($ 3.6 billion), in collaboration with the Saudi-Egyptian Alliance Mountain View-Sisban.

Government, Developers Begin Pricing Negotiations over Administrative Capital Land

• Monday, 6th June 2016
• by Invest Gate

Administrative Capital City for Urban Development, the company managing the new administrative capital, has started negotiations with real estate developers over pricing dynamics of lands in the new capital.