News / Egypt

Egypt Undertakes Almost 200 Paving Projects in 12 Cities

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.

ISDF Concludes Work on Ismailia Fish Market: El Gazzar

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.

All Red Sea Hotels to Reopen by Summer’s End: Official

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.

El Gazzar Mourns Loss of Military Production Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar mourned the loss of Minister of Military Production Mohamed Al-Assar, who passed away on July 6 after an illustrious military career.

TMG Holding’s Managing Director, Executive VP Resigns After 5M in Role

Amr El Kady has stepped down as managing director and executive vice president of Talaat Moustafa Group (TMG) Holding, after less than five months in the position.

Minka to Launch its Largest Project in East Cairo in 2M

CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its "latest and largest project" in east Cairo, attempting for launching within the next couple of months.

ACUD Agrees to Develop Foreign-Funded Project in NAC

Egypt's Administrative Capital for Urban Development (ACUD) and Alliance World Wide Consortium (AWWC) have inked a Memorandum of Understanding (MoU) to develop a fully foreign-funded investment project in the New Administrative Capital (NAC).

Baron Palace Reopens to Public After 2-Yr Restoration

After more than two years of restoration, Egypt's long-dormant Baron Palace in Heliopolis has regained its glory and reopened to the public, in celebration of its official inauguration by President Abdel-Fattah El-Sisi.

Egypt Kicks Off FY 2020/21 with Largest-Ever State Budget

Egypt's Ministry of Finance kicked off the FY 2020/21 state budget on July 1, estimated at EGP 2.2 trn, marking the largest in the country's history.

Work in Full Swing at New Mansoura’s JANNA, Sakan Misr

New Mansoura sees about 11,232 residential units (468 buildings) in the JANNA luxury housing project 75% completed, while 4,704 apartments (196 buildings) are 90% finished in the city’s Sakan Misr medium-income project.

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