News / Government

Central Agency for Reconstruction Completes 118 Projects in Gharbia

Assem El-Gazzar, Minister of Housing stated that the Central Agency for Reconstruction (CAR) has implemented 118 projects in the Zefta Center in Gharbia Governorate within the phase projects under the Decent Life initiative, Invest-Gate reports.

Kuwait’s Residential Property Deals Drop 41% in H1 2023

The number of residential real estate transactions in Kuwait decreased during the first half of this year by 41% on an annual basis, according to a report by the Real Estate Registration Department.

El-Gazzar Follows Up on Delivery of NAC Employee Housing Units

Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities follows up on the delivery of a number of housing units for state employees moving to the New Administrative Capital, under the first phase, Invest-Gate reports.

Saudi Ministry of Justice Transfers 190,700 Outdated Real Estate Deeds to Comprehensive Electronic System

According to recent government statistics, 190,700 outdated manual real estate deeds have been transferred to the comprehensive electronic system since the beginning of 2023, Invest-Gate reports.

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.

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