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The Minister of Transport Inspects The Light Railway Transit (LRT)

Minister of Transport, Kamel El Wazir, follows up on the implementation of the Light Railway Train (LRT) project (Salam City/New Administrative Capital (NAC) /10th of Ramadan City).

El Gazzar: 6,720 Housing Units are Underway in New Aswan City

Assem El Gazzar, Minister of Housing, Utilities, and Urban Communities, declares 6,720 housing units are underway in the Housing for All Egyptians - Low-Income project in New Aswan City. The city features the coastal villas project, the Nile tourist walkway, the Roman Theater, and other various services.

Tamayoz Developments Completely Sells Phase I of “5 Business Hub” in NAC

Tamayoz Developments completes selling the first phase of its “5 BUSINESS HUB” project, in New Administrative Capital (NAC), for around EGP 150 mn in 45 days.

Mountain View Targets EGP 12 bn in Sales in 2021

Mountain View is targeting an EGP 12 billion in sales during 2021, Invest-Gate reports.

ODE Releases its Financial Statement for H1 2021

Orascom Development Egypt (ODE) reveals achieving good results in H1 2021 supported by a solid performance of the real estate segment and efficient cost management. The consolidated financial statement of ODE discloses that the net profit has surged by 342.2% YoY hitting EGP 744.6 mn in H1 2021, despite the pandemic's ongoing headwinds affecting the hospitality business.

RUD Launches Evora Project in NAC

Rovan Urban Development (RUD) launches Evora, the downtown project, in the New Administrative Capital (NAC) with total investments of EGP 300 mn.

Royal Developments to Start Construction of 10 Projects in New Cairo

Royal Developments plans to start construction of 10 separate projects in New Cairo in Q4 2021.

Emaar Misr Inaugurates Marassi Marina and Yacht Club

Emaar Misr inaugurates the first international marina on the North Coast, the "Marassi Marina and Yacht Club," in Marassi

Housing Officials Inspect Progress at New Mansoura University

Mohamed Ragab, Head of New Damietta City Authority and Supervisor of New Mansoura City, inspects the New Mansoura University project in New Mansoura to follow up on the work progress in preparation for the inauguration of the first academic year, Invest-Gate reports.

Concrete Works of New Nubaria’s Sewage Plant is Underway

The concrete structure of the sewage pumping plant is under completion, which is a part of the rehabilitation and expansion project of New Nubaria, according to the head of the New Nubaria City Development Authority

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