News / Government

Home Prices in UK Likely to Drop 8% YoY in 2023

Director of Halifax Mortgages, Kim Kinnaird, notes that the impact of the economic environment on the housing market will continue.

Saudi Arabia Adds $50Bn Diriyah Project to PIF’s Portfolio

The project is important to Saudi history, heritage, and culture. It has a total cost of around $50 bn.

Housing Ministry Implements Over 19k Residential Units in New Obour

The projects also include building 7 shopping malls, 5 medical centers, 5 schools, 4 nurseries, 2 five-a-side football stadiums, and a bakery, Ali adds.

Angel Yeast Egypt Starts Expansion of New Beni Suef’s Factory

Ragab notes that, following the expansion, the factory is situated on around 123,715 sqm.

Real Estate Development Chamber Launches Crisis Management Committee

He adds the REDC’s main focus is to support real estate companies and identify problems facing them to maintain a strong performance in the sector.

Housing Ministry Completes 1,632 Units in 10th of Ramadan’s El-Nargis District

For his part, the Head of the 10th of Ramadan Development Authority, Ahmed Omran, states that the club is located at 17,000 feddans.

El-Alamein International Airport to Receive Flights in March

Development works are underway in all airports, Abbas adds.

India to Lead Global Demand for Steel in 2023

The forecast flourishing of Indian demand for steel, coupled with the decelerated demand in China caused by the surge in Covid cases, position India as a savior of the global demand for the metal.

Qatari Alkuwari International Group Offers Buying Cairo’s Ramses Hilton for $320 Mn

The Egyptian company owning the hotel is still negotiating the deal with the Qatari investor, sources notes.

Egypt Implements EGP 1.55 Bn Wastewater Projects in 2022

Chairman of Greater Cairo Sanitary Drainage Company (GCSDC), Adel Hassan, reveals that replacement and upgrade of wastewater networks and facilities cost EGP 203 mn.

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