News / Egypt

El Mostakbal Donates EGP 7 mn to Tahya Misr

El Mostakbal for Urban Development has donated EGP 7 mn to Tahya Misr Fund to facilitate the provision of the newly-introduced Coronavirus vaccine to eligible groups.

Major Infrastructure Updates in New Cairo

Head of New Cairo Development Authority Amin Ghoneim announces the implementation of the main transformer station has been completed in the Industrial Zone of the Third Settlement in New Cairo with a capacity of (120 M VA)

Fitch Solutions Downgrades Projections for Egypt’s GDP growth

Fitch Solutions has downgraded its projections for Egypt’s real GDP growth for the second time in two months to reach 3% in 2021, down from the 3.2 % that in December 2020

Egypt’s Annual Inflation Headline Declines : Statement

Egypt’s annual inflation headline declines to its lowest since October reaching 5.4 % in December, down from 5.7% in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on January 10

Major Gov’ Projects at New Mansoura City Nearly Finished

Mohamed Ragab, head of the New Damietta Development Authority and the supervisor of the New Mansoura, has inspected the New Mansoura City, accompanied by Yasser Kahla, Deputy Head of the Agency, among other officials as part of the daily periodic follow-up of the projects at new cities, Invest-Gate reports. 

Cairo Eye to Open in 2022

Hawai Tourism and Investment Company, one of the leading companies in the field of real estate and tourism development, has announced the launch of the Cairo Eye project, Invest-Gate reports.

Omar Effendi Partners With Majid Al Futtaim

Omar Effendi subsidiary of the Holding Company for Construction and Development of the Ministry of Public Business Sector (HCCD) has partnered with UAE-based retail conglomerate Majid Al Futtaim to open its franchise “Carrefour” at its premises through successful negotiations led by Real Mark

EGP 63 bn Invested in Upper Egypt Thus Far

With Egypt's new regime under President Abdel Fattah El Sisi, Egypt has spent EGP 63bn on the development of Upper Egypt, Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirms

NUCA Allocates 33 Land Plots in 14 New Cities

The Board of Directors of the New Urban Communities Authority (NUCA) allocates 33 land plots in 14 new cities for various activities

SHMFF Approves a New Guide for Judicial Procedures

The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved a guide for judicial procedures and dealing with violations of the Social Housing Law

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