News / Government

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.

Dubai Tops Global Rankings in Projected Property Price Hikes

Dubai remains at the forefront of major cities worldwide regarding expected increases in residential property prices for 2023, despite a projected decrease in price growth rate compared to 2022, Invest-Gate reports.

Foreign Real Estate Sales in Turkey Reached 2,801 Properties in July

According to the Turkish Statistical Institute's statement on Tuesday, the total real estate sales in Turkey during July amounted to 109,548 properties, Invest-Gate reports.

ABB Opens Doors to Egyptian Students, Shares Expertise on Renewables

Zurich-based electrical equipment maker ABB Ltd. partnered with the Administrative Capital For Urban Development (ACUD) to train Egyptian university students on sustainable solutions, Invest-Gate reports.

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