News / Investment

China Finances New Administrative Capital

A Chinese construction company, China Fortune Land Development, will invest $20 billion in Egypt’s New Administrative Capital.

World Bank Follows Up on Social Housing Projects

A World Bank delegation visited Egypt to follow up on the progress of the Social Housing Project, to which it has provided with financing worth $500 million.

Madbouly: Housing Ministry Allocates EGP 37 B Budget to NUCA

The Ministry of Housing, Utilities, and Urban Communities has allocated a budget of EGP 37 billion to the New Urban Communities Authority (NUCA) this year in a plan to attract new investments and implement projects.

HCCD Subsidiaries Sign EGP 3 B Worth of Contracts

Subsidiaries of the Holding Company for Construction and Developments (HCCD) have signed contracts worth EGP 3 billion for projects to be completed in a year and a half, according to Mohamed Hegazy, CEO of HCCD.

NUCA Installs Monitor Control Devices in New Cities

The New Urban Communities Authority (NUCA) will supply and install 315 electronic remote street lighting, monitoring, and control devices within new cities.

Abraj Misr’s Total Investments Record EGP 7 B

Abraj Misr has announced that total investments in Egypt are currently worth EGP 7 billion ($788.2 million), with plans to take over the development of government-owned projects.

20,000 SQM of Land Allocated for Public Services in Sharm El Sheikh

The General Authority for Tourism Development has ceded 20,000 square meters of its land in favour of establishing public services in the Nabaq area of Sharm El Sheikh.

NBE Funded Purchase of 12,500 Units for Low-income Citizens

The National Bank of Egypt (NBE) has financed the purchase of 12,500 housing units for low-income citizens at a cost of over EGP 1 million, according to NBE Chairman Hisham Okasha.

ALDAU Development to Launch 2 Real Estate Projects

ALDAU Development, a subsidiary of Sami Saad Holding, is developing ALDAU Heights and ALDAU Strand, two real estate projects in Hurghada.

198 Plots to be Allocated Nationwide by Investment Authority

The General Authority for Investment and Free Zones (GAFI) is expected to allocate 198 land plots with a total area of 33.8 acres in September and October.

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