European Central Bank Warns of Investing in Real Estate Funds

• Tuesday, 4th April 2023
• by Invest Gate

The European Central Bank (ECB) warns of funds that invest in commercial real estate, considering it a threat to financial stability after it has grown significantly over the past decade.

El-Gazzar Meets CSCEC’s GM to Inspect Progress in CBD

• Sunday, 2nd April 2023
• by Invest Gate

Assem El-Gazzar, Minister of Housing holds a meeting with Zhao Boa, General Manager of the China State Construction Engineering Corporation (CSCEC), to follow up on the executive position of the Central Business District (CBD) project, in the New Administrative Capital, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

• Sunday, 2nd April 2023
• by Invest Gate

MNHD Rebrands to Madinet Masr, Signaling New Era of Geographic Expansion

• Thursday, 30th March 2023
• by Invest Gate

The decision to rebrand to Madinet Masr reflects the company’s vision to take its success to a much larger scale.

El-Gazzar Announces Offering 481 Land Plots

• Tuesday, 21st March 2023
• by Muhammad Khalid

He adds that 146 premium plots are offered in the 6th of October, October Gardens, Shrouk, Obour, and the 10th of Ramadan cities.

NUCA Approves EGP 145.5 Bn Budget for FY 2023/2024

• Tuesday, 14th March 2023
• by Invest Gate

Minister of Housing and Chairperson of the NUCA, Assem El-Gazzar, notes that the new budget is 139% higher than the budget approved for FY 2019/2020.

NUCA Allocates 12 Mn Sqm Land in 4 Cities

• Monday, 13th March 2023
• by Invest Gate

The Egyptian Minister of Housing, Assem El-Gazzar, mentions some rules for the allocation of the said lands including allocating land in two phases to serve a project that could last up to 5 years, at maximum.

Kamal Amer Axis Starts Trial Operation in Giza

• Thursday, 9th March 2023
• by Muhammad Khalid

El-Gazzar notes that the axis contributes to solving many traffic problems in Giza Square, the 26th of July axis, and the Saft El Laban axis.

Egypt Grants Nationality in Return for Buying $300K Property

• Wednesday, 8th March 2023
• by Invest Gate

The decree also allows for paying the amount in instalments over a year during which the applicant shall be granted tourism residency until the payment of the full price of the property.

TDA Seeks to Achieve EGP 1 Bn Net Profit in FY 2023/24

• Sunday, 5th March 2023
• by Muhammad Khalid

El-Gazzar adds that the TDA's board approves its budget for the fiscal year 2023/2024, which includes pumping new investments to continue infrastructure projects in various development sectors to a completion rate of around 30%.