Minister of Housing Utilities and Urban Communities Assem El Gazzar has reviewed the general strategic plan for the new city of New Rashid.
Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.
Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with USD 130 mn (EGP 2.05 bn) worth of investments.
IGI Real Estate has awarded an EGP 60 mn contract for LMS Construction to carry out building work of phase I of the latter Egyptian developer's integrated urban development in west Cairo, called “Ashgar City."
Egypt-based Elsewedy Electric was ranked third place in the "Most Honored" segment for the second time in the Institutional Investor's 2020 Emerging Europe, the Middle East, and Africa (EMEA) Executive Team survey.
First Group is on the verge to launch phase II of its commercial/administrative project in west Cairo's Sheikh Zayed, dubbed “Kazan Plaza," following the sell-out of 95% of the first batch of units.
Master Group Vice-Chairman Mohamed Mounir has confirmed that more than 70% of the Egyptian real estate developer's flagship project in the New Administrative Capital (NAC), or "The City," has been sold out.
Sixth of October for Development and Investment Company (SODIC) has unveiled plans to deliver its newest commercial project in New Cairo, dubbed "EDNC," in the coming year, after awarding over EGP 1.7 bn contracts for construction.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with several ministerial officials to follow up on the handing over of land plots in the "Beit El Watan" project, which is being developed to cater to Egyptian expats.
Prime Minister Mostafa Madbouly had held a meeting to follow up on the training of employees nominated to move to the New Administrative Capital (NAC).
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