News / Government

Egypt Grants Nationality in Return for Buying $300K Property

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

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%.

20 Government Buildings to Start Work in NAC May-End

Khaled Abbas, Chairman of the Administrative Capital for Urban Development (ACUD), states that over 20 buildings are delivered to government bodies in NAC.

ACUD May Offer Industrial City in NAC

It is worth noting that the New Administrative Capital is located 45 km east of Cairo. The project is being built in several phases.

Saudi Government Seeks to Contain Inflation in Real Estate

The decisions also aim to preserve the goals of the Kingdom's Vision 2030, which aims to raise home ownership rates for Saudis to 70% by 2030.

Saudi Arabia’s Vision 2030 Strategy Leads to Jump in Real Estate Sector

As part of its efforts to diversify its economy and reduce its dependence on oil and gas revenues, Saudi Arabia is supporting all sectors of its economy, particularly tourism, entertainment, art, and culture, with an emphasis on enhancing residents' and citizens' quality of life.

Nile Developments Launches Tycoon Tower in NAC

Nile Developments enters into a contract with Millennium Hotels to operate the new hotel.

RTM Exhibition Forum Kicks Off on Sunday

The event aims to identify key challenges facing the Egyptian real estate sector and identify solutions and recommendations to overcome them to maintain operations in the sector.

France’s NGE to Build 330-Km Rail Line in Egypt

This new rail project in Egypt is set to link 60 cities across the country, increase freight traffic, and ensure approximately 500 mn journeys per year.

Bait Al Watan’s 8th Supplementary Phase Garners $142 Mn

The minister notes that 1,477 applicants transferred reservation fees and paid 25% of plots’ values in USD.

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