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About 903 Acres Are Reallocated for Urban Expansion Into Giza: NUCA

Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.

SODIC to Bring New Innovative Office Lease Solution to Egypt

Sixth of October Development and Investment Company (SODIC) has partnered with the largest office furniture and interior/exterior systems manufacturer in the Middle East, Mobica, to bring a new office concept and an innovative lease solution for small- and medium-sized enterprises (SMEs).

Al Ahly Sabbour Inks USD 100 mn Facility Management Deals

Al Ahly Sabbour Developments and UAE-based Eltizam Asset Management Group have agreed on two joint ventures (JVs), with a combined value of USD 100 mn (EGP 1.57 bn), for the provision of integrated facility and community management services to four of the former Egyptian developer's projects across the country.

Gov’t Reviews Ways to Create New Construction Permit System

An expanded ministerial meeting to discuss ways to develop a new construction permit system that tightens control procedures, particularly using modern technology, bidding to move ahead of the six-month conceptual planning phase to fast-track urbanization.

HAC, Siemens Land NAC Energy Control Center Tender

The Egyptian Electricity Transmission Company (EETC) has awarded the consortium of global technology giant Siemens and Hassan Allam Construction (HAC) an EGP 838 mn tender to construct an electricity control center in the New Administrative Capital (NAC).

IC Group Starts Delivery of New Cairo’s Life Mall to Open in Q1 2021

IC Group has commenced the handover of its 4,800-square-meter commercial project in New Cairo, or "Life Mall," in a bid for official opening and operation in Q1 2021.

Elsewedy Electric Receives High-Level Delegation From Business France

Elsewedy Industrial Development, a subsidiary of Egypt-based cable maker Elsewedy Electric, has received a high-level delegation from Business France, to visit one of the former company’s projects in 10th of Ramadan City, Sharqia Governorate.

El Gazzar Explores Ways to Rush Execution of New Alamein’s UNIL Campus

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has held an expanded meeting to discuss ways to begin implementing the international branch campus (IBC) of Egypt's first hospitality management school in New Alamein, or Swiss-based "University of Lausanne (UNIL)."

Capital Link Plans for Another EGP 200 mn Project in NAC

Capital Link Developments has confirmed plans to introduce its second real estate project in the New Administrative Capital (NAC), named "Dorado," with investments estimated at EGP 200 mn.

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

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