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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. 

Babylon Urban Development Partners with MRB To oversee the management and operation of Senator and Heritage projects

Babylon Urban Development, a leading developer in the Administrative District, has signed a strategic agreement with MRB Holding, the top facility management consultancy of 2024, to oversee the management and operation of Senator Twin Tower and Heritage, both located in the Administrative District of the New Administrative Capital, Invest-Gate reports.

Beltone SMEs Joins Global Forum to Enhance SME Financing and Innovation

Beltone SMEs has joined the SME Finance Forum, a global alliance managed by the International Finance Corporation (IFC), a member of the World Bank Group, Invest-Gate reports.

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