News / Government

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.

New Cities Development Authorities Follow Up on Service Projects

The Head of the New Bourj El Arab Development Authority, Ahmed Hammam, notes that a technology center is inaugurated to serve citizens.

NUCA Approves Allocation of 86 Land Plots in New Cities

The projects are set to be implemented by the private sector and accelerate growth in new cities, El-Gazzar adds.

ACUD Inks MoU with NAACC for Cooperation in Urban Planning

Under the MoU, ACUD and NAACC exchange information, expertise, knowledge, and technology. It also provides for competency building and education.

NUCA Offers Land in New Cities for USD Investments

Assistant Minister of Housing for the Affairs of the NUCA, Waleed Abbas, states that companies only could apply for the new land allocation mechanism.

Egyptian Gov’t Implements EGP 2.3 Bn Water & Wastewater Plants in Sohag

Chairman of Sohag Company for Water and Waste Water, Mohamed Salah El-Din, reveals that his company participates in water and wastewater projects in 7 cities in Sohag under the Decent Life initiative with EGP 26.8 bn in investments.

JICA Grants Egypt $301M for Cairo Metro’s 4th Line

The first phase of Cairo Metro’s fourth line covers more than 19 kilometers and comprises 16 stations.

FRA Raises Mortgage Installment Limit to 50% of Income

FRA’s Chairman, Mohamed Farid, reiterates that the authority works continuously to provide solutions and suitable alternatives to elevate the efficiency and competitiveness of the non-banking financial markets, including mortgages.

Housing Ministry Implements 1,236 Residential Units in New Qena

Head of the New Qena Development Authority, Mostafa Sayed, notes that around 21 residential buildings including 504 units are completed.

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