Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reviewed the proposed development plan for South Sinai's Saint Catherine city, in an attempt to revive the historical site.
President Abdel-Fattah El-Sisi has directed the Egyptian government to approve the development of several state-run non-profit universities, at a total cost of EGP 30 bn.
The Central Bank of Egypt (CBE) has reported a decline in the country's annual headline inflation to 4.6% in July - the lowest since November, compared to 5.6% last June and 7.8% in the same month a year earlier.
Emaar Misr and Elsewedy Education have agreed to build a 50-acre campus to host The Knowledge Hub Universities (TKH) in the former developer's New Zayed project, bringing UK-based Coventry University and branches of other prestigious foreign colleges to Egypt.
Egypt's Expo One, in collaboration with Grand Technology, will kick off the "VEstate Expo 2020," bringing four quarterly live real estate exhibitions to present the first-of-its-kind virtual gateway in Africa and the Middle East.
Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.
Egypt-based Amer Group reported an 8.6% hike in net profits in H1 2020, logging EGP 27.6 mn versus EGP 25.4 mn in the corresponding period last year.
Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.
The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in west Cairo's Pyramids Heights Business Park.
Heliopolis Company for Housing and Development (HHD) has granted an 11-month extension to the deadline for developing a 655-acre plot in east Cairo's New Heliopolis, under a 2016 contract with Egypt's Sixth of October for Development and Investment Company (SODIC).
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