Egypt-based Hometown Developments said it will begin contract sales of its newest commercial development in the New Administrative Capital (NAC), named “LaFayette Mall," on July 2.
West Cairo's New October City is witnessing the gradual handover of 792 social housing units in the 800-acre neighborhood.
Mountain View (MV) has released the latest phase of its flagship project on the North Coast, dubbed "Crete Islands," after the success of Mykonos, Santorini, Samos, and other Greek-inspired communities within Mountain View Ras El Hikma.
Egypt continues to be Africa’s largest recipient of foreign direct investment (FDI) flows in 2019, marking a 10.7% hike, despite the slump in FDI inflows to the entire continent to USD 45 bn (EGP 727.2 bn).
President Abdel-Fattah El-Sisi inaugurated the long-awaited Capital International Airport and Sphinx International Airport via video conference on June 29, both coming to help to relieve pressure on Cairo's existing hub.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has left his home for the first time in almost two weeks and returned to office, after self-isolating due to exposure to a COVID-19 carrier on June 11.
Misr Italia Properties (MIP) has partnered with Etisalat Misr to implement high-tech communication and digital infrastructure at its integrated administrative complex in New Cairo, Cairo Business Park.
Egypt to turn once again to the International Monetary Fund (IMF), which on June 26 agreed to the former's request for a one-year, USD 5.2 bn (EGP 84 bn) financing package, as the country's economy reels from the Coronavirus financial fallout.
Ministry of Housing, Utilities, and Urban Communities said the foundations and determinants for the involvement of private developers in social housing projects have been finalized.
The New Urban Communities Authority (NUCA) has agreed to extend dealing with recent prices of industrial lands in new cities until year-end, which was in effect between January and June, targeting no hikes during this period.
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