News / Egypt

Amer Group Names Porto Club for Sports Investment CEO

Amer Group has announced the appointment of Hassan Elaroussy as the CEO of its subsidiary Porto Club for Sports Investment, aiming to develop a sporting club in its Porto Said project on the Mediterranean Sea.

MNHD’s Presales Jump 83% in H1 2020

Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.

Gov’t Figures Fees for Reconciliation in Building Code Violations

Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications can start paying their charges on July 15.

IDG Presents Egypt’s 1st Eco-Sustainable Industrial Park

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.

CBE Gets Go-Ahead to Extend EGP 30 bn for Extra Social Housing

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.

El Gazzar Says 2,500 Houses for Giza Slum Dwellers 37% Done

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 Mandates Redesign of 9 Areas on North Coast

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 to Invest EGP 512 bn in Metro Projects Until 2024: Minister

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.

Some 1 mn Homes Link to Natural Gas Grid in FY 2019/20

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.

Gov’t Executes 489 Potable Water, Sewerage Projects in 6 Yrs

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.

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