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Elsewedy Technical Academy Inks MoU to Boost Vocational Education

Elsewedy Technical Academy (STA) has announced the signing of a memorandum of understanding (MoU) with the Egyptian German Technical Academy (EGT Academy) to support technical and vocational education and training (TVET) in Egypt and MENA region.

El Rabwa Network to Invest EGP 1.5 bn in Mostakbal City: Chairman

El Rabwa Network has unveiled plans to pump EGP 1.5 bn worth of investments into developing the Global Paradigm Schools complex in New Cairo’s Mostakbal City, following the opening of the education project's first administrative headquarters in early December.

New Aswan Sees 66 Villas Done, 84 Others in Store for Mid-2021

Merely 66 fully-finished villas overlooking the Nile River, nestled within New Aswan's in-progress 6,000-meter-long tourist strip, have been delivered, with 84 others in the pipeline for handover before July 2021.

Majid Al Futtaim, valU to Jointly Present ‘Buy-Now-Pay-Later’ Services

UAE-based retail conglomerate Majid Al Futtaim has partnered with EFG Hermes’ fintech arm valU to provide shoppers with monthly installment plans of up to five years through the latter's e-commerce platform.

Egypt Gets Almost USD 2.7 bn in Funding for Sinai Development in 2020

Egypt teamed up with several international financial institutions for financing several development projects in the Sinai Peninsula, at a combined value of almost USD 2.7 bn (EGP 42.4 bn), in 2020.

New Cairo Awaits Completion of 1,625 Dar Misr Units Next January

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected work on phase II of New Cairo's Dar Misr middle-income housing project, affirming that 1,625 apartments (69 residential buildings) are set for delivery starting from January 2021.

SODIC, AAIB Partner to Offer E-Payment Solutions to Clients

Sixth of October Development and Investment Company (SODIC) has signed a partnership agreement with Arab African International Bank (AAIB) to provide customers with e-payment solutions through the developer's official website.

MIP Posts EGP 2 bn Contractual Sales in 2020: CEO

Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwide, despite the Coronavirus-induced slump.

Gov’t Builds Almost EGP 96 bn Energy Projects in 2 Yrs: Minister

Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed the execution of 416 public developments in the electricity and renewable energy sector, at a value of EGP 95.6 bn, over the past two fiscal years.

Public Sector Endows 60% of Egypt’s Annual Property Investments: Abbas

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has confirmed that the annual investments in the real estate sector stand at EGP 700 bn - EGP 800 bn, of which 60% are provided by the public sector.

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