News / Government

Madbouly Confirms Implementation of 132,000 Units Worth EGP 73 Bn

Prime Minister, Mostafa Madbouly, declares that 132,000 housing units are implemented in Alexandria and Beheira, with a cost of EGP 73 bn, Invest-Gate reports.

El-Gazzar Follows Up on Assiut’s New Nasser City Housing Project

Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities, follows up on the implementation rate of the medium-sized housing units, within the presidential initiative "Housing for All Egyptians," in the New Nasser city in Assiut, Invest-Gate reports.

Saudi Egyptian Developers, NUCA To Launch M8 Phase in Marina El Alamein

Based on its keenness to establish strategic partnerships with the largest companies in real estate field, the New Urban Communities Authority (NUCA) assigns the marketing mission of the 8th phase of the Marina El Alamein project (M8) on the northern coast to the Saudi Egyptian Developers, Invest-Gate reports.

Egypt Offers Perks to Lure Investment in New Cities

Egypt’s New Urban Communities Authority approved incentives for real estate investors, including increased land use in new cities, Invest-Gate reports.

Redcon, Honeywell Sign MoU for Sustainable Golden Gate

Redcon Properties, the newly established arm of Redcon Group, signs a Memorandum of Understanding (MoU) with Honeywell to incorporate smart sustainability solutions at Golden Gate, Invest-Gate reports.

Egyptian Real Estate Chamber’s Board Members Discusses Facilities with Prime Minister

The Real Estate Development Chamber discusses various facilities with Prime Minister Mostafa Madbouly, including allowing foreigners to own an unlimited number of units, Invest-Gate reports.

Real Mark to Market Ariba Coastal Units at Egypt Expo in Saudi Arabia

Real Mark for real estate marketing, an arm of the Ministry of Public Business Sector's Holding Company for Construction and Development, announces that it will offer units in the Ariba project on the north coast at the 21st session of the Hazi Misr exhibition on May 25th in Riyadh with special offers, Invest-Gate reports.

Z-Advisor Contracts with Mont to Sell Mall Shops in Giza Train Stations

Z-Advisor contracts with Mont to sell the Giza Mall shops, affiliated with the Upper Egypt Train Station, Invest-Gate reports.

Egypt Removes Limits to Foreigners’ Ownership of Land, Properties

President Abdel Fattah El-Sisi issues a decree authorising the Ministry of Justice to draft a set of legislative amendments required to overcome restrictions related to land ownership for foreigners, Invest-Gate reports.

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