Omar Abdullah Developments (OAD) has launched NAMMA, one of the largest integrated service complexes in 6th of October City, Invest-Gate reports.
The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn (EGP 190.1 mn) long-term loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency-branded hotel in west Cairo.
Egypt's Finance Minister Mohamed Maait has approved the extension of the deadline for filing real estate tax returns until the end of March 2021.
The New Urban Communities Authority (NUCA) has approved the allocation of 50 plots in 16 new cities for mixed-use activities, in line with the state's keenness to boost urban development and present additional investment opportunities across Egypt.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has emphasized the need for adherence to deadlines and continuous follow-up on the construction of housing units in the “Residence for all Egyptians” initiative.
About 103,000 housing units have been implemented across various new cities in 2020, at a total cost of EGP 23.46 bn, as part of the Egyptian government's urban development plans.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled plans to deliver several housing units in Capital Residence, located in the New Administrative Capital's (NAC) R3 District, from January 3 to July 5.
Mountain View has signed a strategic cooperation agreement with Huawei Technologies to develop information technology (IT) infrastructure at its “iCity” projects in east and west Cairo, with investments exceeding USD 1 mn (EGP 15.8 bn).
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 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.
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