News / Government

Housing Ministry Lays 4 Electricity Lines in Sadat City with EGP 410 Mn

The new lines serve the 8th industrial zone in the city which includes 1,076 plots dedicated to different activities.

Property Deals Hit 8-Month High in Hong Kong

Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.

Housing Ministry Launches Power Unit for 6-Mn Sqm Area in 10th of Ramadan

The minister reveals that the unit is set to supply electricity to other distribution units soon.

Egyptian Government Implements EGP 2.1Bn Water, Wastewater Projects in Fayoum in 2022

For his part, the Chairman of FDWSC, Mohammed Al-Naggar, notes that projects are underway in the governorate under the Decent Life initiative with a value of EGP 1.615 bn.

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.

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