News / Egypt

ELSEWEDY Electric for Trading & Distribution Signs A USD 90 mn- EPC Contract

ELSEWEDY ELECTRIC for Trading & Distribution signs a new EPC contract with the Egyptian Government worth USD 90 Million for highway intelligent transportation system

Al-Gazzar Approves New Plot Allocations in Upper Egypt

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has approved the allocation of 21 land plots in eight new cities in Upper Egypt, Invest-Gate reports.

Gov’t Inspects the Second Industrial Zone in New Nubaria

Magdy Youssef, Acting Head of the New Nubaria City Development Authority, inspects the second industrial zone in the city, accompanied by the agency officials, to follow up on the projects underway in the area, Invest-Gate reports.

Trial Operation of Egypt’s 1st Monorail Set in Mid-2021: Minister

Transport Minister Kamel El Wazir has announced that the trial operation of Egypt's first monorail, which connects El Salam City with the New Administrative Capital (NAC) and 10th of Ramadan City, will kick off around August 2021.

WB Sees Egypt Region’s Top Remittance Recipient in 2020

The World Bank (WB) foresees Egypt to become the top recipient of remittances at a value of USD 24.4 bn (EGP 382.2 bn) across the MENA region in 2020.

Cleopatra Awards Design Contract for North Coast’s Smeralda

Egypt's Cleopatra Real Estate, a subsidiary of Cleopatra Group, has awarded US-based architecture firm JZMK Partners the planning and design contract for "Smeralda Bay," its fifth and newest beach community in Sidi Heniesh, North Coast.

NAC’s Iconic Tower Now Stands 240 Meters High: Minister

Egypt’s Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 49 stories of the 80-story Iconic Tower in the New Administrative Capital (NAC) have been built so far, thereby standing at 240 meters high.

SODIC Sells 776 Properties Across Cairo in 9M

Sixth of October Development and Investment Company (SODIC) sold out 776 properties during the first nine months of 2020, bringing gross contractual sales to EGP 4.1 bn and marking a YoY rise of 23% from EGP 3.34 bn in the prior-year period.

Renovation of Alexandria’s Tramline to Begin in Early 2021: NAT

The National Authority for Tunnels (NAT) will begin transforming Alexandria's El Raml tramway network – the oldest tram system in Africa and one of the oldest in the world – into a metro line worth EUR 360 mn (EGP 6.6 bn) in early 2021.

Great Transfiguration Project in Saint Catherine Underway

Khaled Abbas, Deputy Minister of Housing for National Projects, has stated that the National Committee is studying the implementation of the Great Transfiguration Project in Saint Catherine, Invest-Gate reports.

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