Industrial Development Group (IDG) has announced the launch of Egypt’s first eco-sustainable park, called "e² Alamein," to be developed over 2.7 square kilometers in the North Coast's New Alamein.
The Central Bank of Egypt (CBE) has been given the green light to extend EGP 30 bn, partly borne by the finance ministry, for subsidizing the execution of 250,000 social housing units nationwide until 2023.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 2,500 houses are under construction in October Gardens, designated for Giza's informal housing residents, hitting a completion rate of 37%.
Egypt's Supreme Council for Planning and Urban Development has signed off on the redesigning of nine areas, assigned to the New Urban Communities Authority (NUCA), on the North Coast.
Egypt's transport ministry intends to pump EGP 512 bn into 22 subway projects over the next four years, as the country's rapid transit system marks a vital plank of the state's infrastructure development program.
The petroleum ministry has confirmed the delivery of natural gas to about 1.07 mn housing units in FY 2019/20, which 107% higher than the original target.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has indicated that 489 water and wastewater projects have been implemented across the country, with costs totaled at EGP 58.5 bn, in the last six years.
Transport Minister Kamel El Wazir has affirmed that phase I of Egypt's national pavement development program is currently being undertaken, involving 197 asphalt paving projects with a total length of 837.5 kilometers across 12 governorates.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that Egypt’s Informal Settlements Development Fund (ISDF) has concluded the modern fish market project in Ismailia province.
Chairman of the Egyptian Hotels Association in the Red Sea Alaa Akel forecast that all Red Sea hotels are projected to resume operations by next October or November, however, at low occupancy rates.
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