News / Government

El-Gazzar Announces Offering 481 Land Plots

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

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

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

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

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.

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