News / Government

El-Gazzar Follows Up on Delivering Units to State Employees Transferred to NAC

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities is following up on the completion of delivering units in the first phase of housing for state employees transferred to the New Administrative Capital (NAC) in the "Zahret El-Asima" project in Badr City, Invest-Gate reports.

Egypt’s Path to the BRICS Bloc

Egypt is set to join the BRICS in 2024. On that occasion, the Egyptian Council of Ministers' Information and Decision Support Center published a report tacking the weight of the bloc in the global economy.

Egypt Housing Minister Reviews Progress at Alexandria’s Sawary Project

Egypt's Housing Minister Assem El-Gazzar inspected work underway at the Sawary urban complex in West Carrefour, Alexandria spanning 419 acres, Invest-Gate reports.

NUCA Assigns Marketing, Selling Phase I of Arabesque to Saudi Egyptian Developers

The New Urban Communities Authority (NUCA) tasked the Saudi Egyptian Developers (SED) with marketing, selling, and customer service for the first phase of the Arabesque project, citing the developer's 50 years of experience with real estate projects across Egypt, Invest-Gate reports.

Egypt to Deliver Homes in New Cairo Housing Project

Egypt's Minister of Housing Assem El-Gazzar said the New Cairo City Development Authority will begin delivering units for the second batch of the Egypt Housing project in the Fairgrounds area from September 3 to 13, Invest-Gate reports.

Egypt’s Housing Ministry Completes Road Projects in Shorouk City

Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar confirmed the completion of road works to boost efficiency and development in Shorouk City, Invest-Gate reports.

SODIC to Deliver “June” Project in Q3 2025: GM

Sixth of October Development and Investment Company (SODIC) is preparing to deliver the first units in the "June" North Coast project during the third quarter of 2025, the company's General Manager Ayman Amer told Invest-Gate.

Saudi Arabia Sees Rising Residential, Commercial Rental Activity

Saudi Arabia's rental index recorded over 275,000 residential and commercial leasing deals in July, unchanged from the same month last year, Invest-Gate reports.

Egypt’s Arab Contractors and Mercons Finalize JV Deal in Angola

Egypt's Arab Contractors Co. signed an agreement to establish a joint venture called Arab Contractors-Luanda with Angolan firm Mercons, as both countries deepen construction industry cooperation, Invest-Gate reports.

Dubai Property Prices Surge 24% in a Year on High Demand

Prices in Dubai's freehold residential market rose 4.8% in the second quarter, with annual gains hitting 24%, Knight Frank data shows.

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