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Housing Minister Outlines Future of Egypt’s Real Estate Development at Business Gathering

Housing Minister Sherif El Sherbini highlighted the future of real estate development in Egypt during a keynote speech at the Egyptian Businessmen’s Association’s Suhoor gathering, Invest-Gate reports.

Prime Minister Reviews Financial Position of NUCA

Prime Minister Dr. Mostafa Madbouly met on Wednesday with Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, and Mr. Mohamed Ragai, Vice President of the New Urban Communities Authority (NUCA) for Financial, Administrative, and Human Resources Affairs, to follow up on and review NUCA's financial position, Invest-Gate reports.

Housing Minister Reviews Progress of “Housing for All Egyptians” Initiative in New Cities

Housing Minister Sherif El Sherbini reviewed the progress of thousands of residential units under the presidential initiative “Housing for All Egyptians” in several new cities, including New Obour, New Suez, New Minya, 15th of May City, and 6th of October City, Invest-Gate reports.

Banque Misr Grants EGP 2.6 Bn Credit Facility to Hyde Park Developments for Seashore Project in the North Coast

Banque Misr recently signed a credit facility contract with Hyde Park Developments for a medium-term loan of EGP 2.6 bn to finance part of the investment cost of the Seashore project in the North Coast, Invest-Gate reports.

Arab Developers Holding Establishes a Strategic Partnership with Nasaaem Medical to Launch a Medical Center at Park Mall in Nyoum New Cairo

Arab Developers Holding, one of the leading real estate development companies, has signed an agreement with Nasaaem Medical Group to establish a state-of-the-art medical center at Park Mall within Nyoum New Cairo project, Invest-Gate reports.

Maqam for Urban Development Obtains Building Permit for Optima Business Complex Project in NAC

Maqam for Urban Development announced that it has obtained the building permit for its pioneering project, Optima Business Complex, in the New Administrative Capital (NAC), Invest-Gate reports.

Housing Minister Announces Upcoming Completion of 175-Bed Hospital in New Qena City

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, announced that a new 175-bed hospital will soon be completed in New Qena City, Invest-Gate reports.

TOREC Developments Reports EGP 3.18 bn in Sales and EGP 87 mn Net Profit for 2024

El Tameer Developments (TOREC Developments), a subsidiary of the New Urban Communities Authority (NUCA), has announced its financial results for 2024, achieving contracted sales of EGP 3.18 bn, Invest-Gate reports.

Housing, Petroleum Ministers Discuss Enhancing Cooperation to Accelerate Priority Projects

Eng. Sherif El Sherbini, Minister of Housing, Utilities and Urban Communities, and Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, held a joint meeting at the Ministry of Petroleum's headquarters, Invest-Gate reports.

Minister of Housing follows up on progress of Sheikh Zayed City expansions “New Zayed”

Minister of Housing, Utilities, and Urban Communities Sherif El Sherbiny reviewed progress on the 8,336-feddan expansion of Sheikh Zayed City, known as New Zayed , Invest-Gate reports. 

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