News / Government

Orascom Development Supports Egypt’s Efforts to Boost Tourism in Taba

Orascom Development utters its support for the efforts of the Egyptian Cabinet for boosting tourism in Taba and Nuweiba, Invest-Gate reports.

Madbouly Witnesses Signing Partnerships To Manage, Operate 2 New Hotels in Cairo

Prime Minister Mostafa Madbouly witnesses the signing of partnership contracts between City Edge Developments, on behalf of the Ministry of Housing, Utilities, and Urban Communities, and the Hilton Brand to manage and operate two new hotels in the Maspero Triangle and the Soor Magra El Oyoun, Invest-Gate reports.

Saudi Arabia Transfer Wafi’s Oversight to Real Estate General Authority

The Saudi government decided to transfer the competence to supervise the activity of the Off-Plan Sale or Rent Committee (Wafi) from the Ministry of Municipal and Rural Affairs to the Real Estate General Authority (REGA), Invest-Gate reports.

NUCA Inks MoU with China’s CSCEC to Boost Cooperation

The New Urban Communities Authority (NUCA) signed on July 5, 2023, a memorandum of understanding (MoU) with China State Construction Engineering Company (CSCEC) and Income Company, Invest-Gate reports.

Ministry of Housing To Deliver First Batch of Sakan Masr Project in July

Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities reveals that New Cairo Development Authority will start from July 23, 2023, to August 29, 2023, to deliver the first units batch at Sakan Masr project in Ard El Maared area, Invest-Gate reports.

Dubai Real Estate Sector Hits Highest Mid-Year Sales

The real estate sector in Dubai has managed to record high growth levels during the first half of 2023, by hitting its best performance and closing 60,420 sales deals with a value exceeding AED 177.3 bn, Invest-Gate reports.

El Sharjah, Highest in Demand in Property Sector

El Sharjah has an estimated total value of AED2.4 bn during May, which proves the trust in Sharjah as an ideal destination for business people and families that seek security and a livelihood environment, Invest-Gate reports.

Madbouly Follows up on First Phase of NAC Employee Units

Prime Minister, Moustafa Madbouly is following up with the head of the Central Agency for Organization and Administration (CAOA), the first phase of employees moving to the New Administrative Capital (NAC), Invest-Gate reports.

Real estate Transactions in Qatar Hit QAR 548 Mn in 5 Days

Total real estate transactions in Qatar recorded over QAR 548 million between June 11 and 15, 2023, Invest-Gate reports.

Minister of Housing Follows up on 2nd Phase of New Capital Employees Residents Project

Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities, inspects the implementation rate of the second phase of the housing project for the employees of the New Administrative Capital (NAC) in Badr City, which includes 4,704 housing units, Invest-Gate reports.

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