News / Investment

Indian Company to Launch Medical City in Egypt

India’s NMC Healthcare is expected to build an integrated Medical City in Egypt at a cost of $1.6 billion, Minister of Trade and Industry Tareq Qabil stated.

Egypt Receives First Segment of Saudi Loan for Developing Sinai

Egypt received EGP 2.664 billion ($300 million) from Saudi Arabia to develop the Sinai peninsula, announced Minister of International Cooperation Sahar Nasr.

Real Estate Prices Projected to Increase due to VAT, Pound Devaluation

The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.

NUCA Studies 70 Offers from Developers for PPP Projects

The New Urban Communities Authority (NUCA) is currently studying offers from 70 real estate developers for public-private partnership (PPP) projects.

World Bank Provide EGP 7.2 B in Loans to Housing Programs

The World Bank has provided EGP 7.2 billion ($ 800 million) to the Ministry of Housing programs, said Minister of International Cooperation Sahar Nasr.

Mortgage Firms Grant EGP 540M in 2016

Egyptian mortgage firms granted EGP 540 million during the first half of 2016, compared to EGP 542 million in the same half of the previous year.

Egyptians Rank Second Among Non-GCC Arab Investors in Dubai Real Estate

Investors from Egypt constitute the second largest number of non-GCC Arab investors in the Dubai real estate market, according to the Dubai Land Department.

NUCA Begins EGP 37B Developments

New Urban Communities Authority (NUCA) began to implement its EGP 37 million investment plan for the current fiscal year.

Elite Real Estate Exhibition To Be Held on July 19-23

The Elite Real Estate Exhibition (EREEX) is set to take place at the Cairo International Convention Center from July 19-23.

New Alamein City to See EGP 3B Investment

A recent report by the Ministry of Planning revealed development costs for New El Alamein city for the 2016/2017 fiscal year is estimated to be EGP 3 billion.

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