News / Egypt

Housing Minister Appoints 3 Assistants to Vice Presidents of NUCA

Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini has issued decisions appointing three assistants to the vice presidents of the New Urban Communities Authority (NUCA) for the development and urban development sector, as well as the real estate and commercial affairs sector, Invest-Gate reports.

These appointments aim to accelerate the progress of development projects undertaken by the Authority in its new cities nationwide.

The Minister's directives specify that Ahmed Ali Mohamed Hassan, Assistant Vice President of NUCA for Real Estate and Commercial Affairs, will take on the responsibilities of Assistant Vice President for the Development and Urban Development Sector, focusing on Electricity Affairs.

Additionally, Hassan will oversee matters concerning the House of Representatives, the Senate, and lead the Political Communication Committees. Abdel Wahab Mohamed Abbas Ahmed Mosli, currently serving as Head of the Central Administration for Commercial Affairs at NUCA (on secondment), will assume the role of Assistant Vice President for the Real Estate and Commercial Affairs Sector.

Moreover, Ihab Hassan Sadek El Marakby, a Senior Specialist holding the rank of Director General at Shorouk City Authority, will step into the position of Assistant Vice President for the Real Estate and Commercial Affairs Sector.

El Sherbini has also appointed Ashraf Fathy Mahmoud Abdel Razek, a senior figure within NUCA, to oversee the operations of New Minya, New Mallawi, New Fayoum, and New Fashn cities. His base of operations will be at the New Minya City Authority.

INTRO Technology, Oman Data Park Ink $450 Mn Strategic MoU to Launch Kemet Data Center in Suez Canal Economic Zone for Cloud Service Exports

INTRO Technology has announced the signing of a strategic Memorandum of Understanding (MoU) with Oman Data Park, Invest-Gate reports.

El Gouna Introduces “Tuban”, Its Largest Premium Multi-Purpose District

El Gouna, the spectacular fully integrated and sustainable town developed by Orascom Development in the Red Sea, has unveiled the launch of its largest multi-purpose district to date, named "Tuban", Invest-Gate reports.

Egypt Gears Up to Host WUF12 in Full Cooperation with Ministries, Stakeholders

Manal Awad, Minister of Local Development, has confirmed that Egypt's preparations for hosting the 12th session of the World Urban Forum (WUF12) are progressing rapidly, Invest-Gate reports.

Concrete Developments Launches Jadie Residence with Flexible Payment Plans

Concrete Developments has officially launched its latest project, Jadie Residence, as part of its strategic growth in the residential real estate sector, Invest-Gate reports.

Mohamed Talaat Architects Joins MDA Alliance for Implementation of First Iconic Tower in the Fifth Settlement

MDA Engineering Alliance, comprising Mohamed Talaat Architects, Diaa Consult Engineering Consulting, and Effect Engineering Consultancy, has commenced construction on a new landmark tower in the Fifth Settlement area of East Cairo, Invest-Gate reports.

Beltone Venture Capital Broadens Presence in Europe, North Africa with Strategic Equity Investment in VelyVelo

Beltone Holding, one of the rapidly expanding financial institutions, has announced that its wholly owned subsidiary, Beltone Venture Capital, has successfully concluded its first international investment by strategically investing in VelyVelo, a prominent French e-bike rental company specializing in optimizing e-bike fleet management through a comprehensive subscription service and an all-in-one technology platform, Invest-Gate reports.

TMG, Huawei Partner to Develop AI-Powered Cloud for Noor City

TMG has announced a strategic partnership with Huawei to integrate advanced AI-powered cloud technology into the Noor City project, marking a first in the Egyptian market, Invest-Gate reports.

ACUD Partners with Universities to Offer 100 Scholarships for Students

Eng. Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD), has signed a protocol at the Ministry of Higher Education in the New Administrative Capital to offer 100 full scholarships to outstanding high school graduates from Upper Egypt and four border provinces, Invest-Gate reports.

Bayut Marks its First Anniversary in Egypt: A Year of Remarkable Growth, Achievements

Bayut, a prominent real estate platform in the Middle East, commemorates its first anniversary in Egypt this September, celebrating a year of rapid growth and remarkable achievements, Invest-Gate reports.

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