News / Government

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.

Egypt Adopts Five-Pillar Approach to Cope with Global Economic Crisis

Prime Minister Mostafa Madbouly announces the government's measures to confront the global economic crisis, Invest-Gate reports.

Sharqia Sees Several Potable Water and Sanitation Projects

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, states that 25 potable water and sanitation projects have been implemented and are under construction, in addition to dozens of projects to deliver sanitation services to rural areas, Invest-Gate reports.

El Gazzar Follows up on Projects’ Implementation in New Cities of Akhmim, Sohag

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, follows up on the executive position of the projects being implemented in different sectors in the new cities of Akhmim and Sohag within the framework of the state's plan to develop Upper Egypt and provide job opportunities, Invest-Gate reports.

El Gazzar: Tunnel, Bridges on El Sadat St. in Alexandria 65% Complete

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, states that the completion rate of a tunnel and bridges construction on 45 Mohamed Anwar El Sadat St. in Montazah, Alexandria has reached 65%, Invest-Gate reports.

El Gazzar Follows up on Projects’ Implementation in Badr City

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, states that 2,208 housing units are being implemented in distinguished housing units and units for NAC's employees in Badr City, Invest-Gate reports.

El Gazzar: 61,000 Housing Units Are Being Implemented in Capital Gardens City

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, explains that 61,518 housing units are being implemented in the Capital Gardens City for low-income "Social Housing" within the presidential initiative “Housing for All Egyptians”, Invest-Gate reports.

Assuit Sees Several Potable Water and Sanitation Projects

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, states that 23 potable water and sanitation projects have been implemented and are under construction, in addition to dozens of projects to deliver sanitation services to rural areas, Invest-Gate reports.

El Gazzar Inspects New Alamein City’s Projects

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, continues his tour in New Alamein City and inspects the implementation works of the Heritage City and the squares in the city, Invest- Gate reports.

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