News / Egypt

New Plan Developments Inks Protocol for Port Said’s Piazza

New Plan Developments has inked a cooperation protocol with Port Said Governorate for the development of "Sahet Misr," which is the main piazza of the coastal Mediterranean city.

SHMFF Agrees to Offer 125,000 Housing Units Across Egypt

The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved the offering of 125,000 residential units (100,000 social housing and 25,000 middle-income housing units), as part of phase I of President Abdel-Fattah El-Sisi's initiative to provide homes for all citizens.

‘Let’s Make Your Home Special:’ IKEA Launches its Online 2021 Catalog in Egypt

IKEA, the Swedish pioneer and top-rated brand in furniture and one of Al-Futtaim Group’s companies, has successfully, electronically, and unprecedentedly launched its new edition of the 2021 catalog in Egypt. In fact, the launch coincides with the 70th anniversary of IKEA’s first catalog release, and was curated under the slogan of "Let's make your home special". 

Master Group Introduces EGP 6 bn Project to NAC

Egypt’s real estate developer Master Group has rolled out its second residential project in the New Administrative Capital (NAC), named "City Oval," with investments estimated at EGP 6 bn.

Deputy Minister of Housing Inspects El Alamein International University

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas stresses on adhering to an intensive timetable for the completion of the large educational edifice in New Alamein City

Cityscape Egypt Is Back This November

Cityscape Egypt is to take place on November 4 till November 7, says its official press release at the Egypt International Exhibition Centre (EIEC) in Cairo.

Gov’t Reduces Building Code Violation Fines in New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reduced fines and penalties ​​for reconciliation in building violations in new cities from 15% to 25%.

New Damietta Sees An Electric Art

New Damietta City Authority launches an artistic initiative to beautify the city, turning all electricity units into descriptive paintings

Egyptian Real Estate Firms’ Profit Hit by Corona

Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31% in the second quarter of 2020 as property sales slowed during the coronavirus crisis

Egypt Opens Beach Area of Steigenberger Hotel El Lessan

The Holding Company for Tourism and Hotels (HOTAC) has opened the beach area of Steigenberger Hotel El Lessan Ras El Bar, following the completion of comprehensive development, with investments worth EGP 10 mn.

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