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Housing, Tourism Ministries Follow up on Development Project of Greatest Transfiguration

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, and Khaled Al-Anani, Minister of Tourism and Antiquities, chair the meeting of the National Committee formed according to a Cabinet decision, to follow up on the development project of the Greatest Transfiguration in Saint Catherine, Invest-Gate reports.

El Gazzar Meets World Bank Team to Follow up on Sanitation Services in Rural Areas

Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, meet with the World Bank members, at the conclusion of the activities of the joint mission of the World and Asian Infrastructure Investment Banks to follow up on the results-based sustainable sanitation services program in rural areas in its first and second phases "SRSSP - PforR", Invest-Gate reports.

El Gazzar Follows up on Projects’ Implementation with Arab Contractors Officials

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, meets with Sayed Farouk, President and CEO of Arab Contractors, and a number of the company’s officials, to discuss the implementation of several projects, which the company undertakes to implement in various sectors, Invest-Gate reports.

Al Ahly Sabbour, MarQ Communities Ink Strategic Partnership for City of Odyssia

Al Ahly Sabbour signs a new strategic partnership with the MarQ communities to develop 260 acres of the total area of the City of Odyssia, Invest-Gate reports.

Mountain View Launches Ready-to-Delivery Units in “i-City New Cairo”

Mountain View launches housing ready-to-delivery units in "i-City New Cairo" project with total contractual sales of EGP 2 bn, Invest-Gate reports.

Developer X Obtains Ministerial Approval for Bianchi Ilios Project in North Coast

Developer X announces obtaining ministerial approval for the development of Bianchi Ilios project in North Coast, Invest-Gate reports.

Egypt to Open New Sphinx International Airport Mid-July

Mohamed Manar, Minister of Civil Aviation, announces that Egypt will start operating its new Sphinx International Airport (SPX) located near the Giza pyramids, in mid-July, Invest-Gate reports.

CMD, Qontrac Complete Excavation and Internal Road Works for YARU Residence

CMD and Qontrac Developments alliance announces the completion of all excavation work of YARU Residence project in the NAC with an investment of EGP 2 bn, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war and curb inflationary pressures.

Emaar Misr Contributes EGP 1 bn to Hayah Karima Foundation

Emaar Misr signs a collaboration protocol with Hayah Karima Foundation, contributing EGP 1 bn for completing sustainable development projects, Invest-Gate reports.

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