News / Government

Prime Minister Sets Regulations for Sale of Real Estate Development Units

Prime Minister Mostafa Madbouly issues a decision that sets regulations for selling units of real estate development projects in order to ensure the rights of buyers, Invest-Gate reports.

El Gazzar Inspects New Alamein City’s Projects

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, explains that the facades of 15 implemented towers are being completed in the beach area in New Alamein City in parallel with interior finishing works, Invest-Gate reports.

El Gazzar Follows up on Projects’ Implementation in New Qena and West Qena

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, explains that several housing units for low-income “Social Housing” are being implemented in New Qena and West Qena, Invest-Gate reports.

El Gazzar: Bait Al-Watan’s Phase VIII Sees Great Reservation Demand

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities announces that there is a great reservation demand for the eighth phase of Bait Al-Watan project for Egyptians abroad, Invest-Gate reports.

El Gazzar Inspects Latest Developments at New Mansoura City

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, tours New Mansoura City Corniche, and its residential area to follow up on work progress, accompanied by officials of the Ministry and the New Urban Communities Authority

Housing, Tourism Ministries Follow up on Development Project of Greatest Transfiguration

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, and Khaled Al-Anani, Minister of Tourism and Antiquities, chair the meeting of the National Committee formed according to a Cabinet decision, to follow up on the development project of the Greatest Transfiguration in Saint Catherine, Invest-Gate reports.

El Gazzar Meets World Bank Team to Follow up on Sanitation Services in Rural Areas

Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, meet with the World Bank members, at the conclusion of the activities of the joint mission of the World and Asian Infrastructure Investment Banks to follow up on the results-based sustainable sanitation services program in rural areas in its first and second phases "SRSSP - PforR", Invest-Gate reports.

El Gazzar Follows up on Projects’ Implementation with Arab Contractors Officials

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, meets with Sayed Farouk, President and CEO of Arab Contractors, and a number of the company’s officials, to discuss the implementation of several projects, which the company undertakes to implement in various sectors, Invest-Gate reports.

Egypt to Open New Sphinx International Airport Mid-July

Mohamed Manar, Minister of Civil Aviation, announces that Egypt will start operating its new Sphinx International Airport (SPX) located near the Giza pyramids, in mid-July, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war and curb inflationary pressures.

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