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Gov’t Finalizes Almost 1,800 Development Projects in Upper Egypt

Sohag and Qena have seen 1,796 projects completed as part of the state's Upper Egypt Local Development Program, while 779 others are still underway.

Mountain View Joins ‘Khaleena Sanad’ Initiative

Egypt's real estate developer Mountain View joins the “Khaleena Sanad” (Let's Get Together) Initiative, launched by the Ministry of Immigration and Egyptian Expatriates Affairs, aiming to support and help repatriation of Egyptians stuck abroad.

Misr Italia Kicks off EGP 1 mn Coronavirus Response Initiative

Misr Italia Properties (MIP), in collaboration with different civil society organizations, kicked off the "A Message of Hope" initiative in the wake of the novel Coronavirus crisis, aiming to support and advocate high-risk individuals with EGP 1 mn worth of donations.

Egyptian Hotels Almost Fill Up at Reduced Occupancy

After reopening at a quarter of regular capacity in a bid to contain the spread of COVID-19, Egyptian hotels are almost fully booked for domestic tourism, coinciding with the peak season of Eid Al Fitr holiday.

Orascom Construction Posts USD 599.2 mn New Awards in Q1 2020

Orascom Construction (OC) has reported consolidated new awards of USD 599.2 mn (EGP 9.5 bn) in Q1 2020, compared to USD 480.7 mn (EGP 7.6 bn) in the corresponding period last year.

Gov’t Imposes 6-Month Ban on Building Permits

Local Development Minister Mahmoud Shaarawy has announced a six-month ban on construction permits in various urban cities, including Greater Cairo and Alexandria, pending verification of complying with building codes.

Al Fanar Agrees on EGP 5.5 mn Finishing Works in New Alamein

Al Fanar Contracting, Construction, Trade, Import, and Export Company has contracted with the consortium of the Consolidated Contractors Group (CCC) and HA Construction Company (HAC) for the execution of some finishing works in Downtown New Alamein, amounting to EGP 5.5 mn.

Arkan Plaza Rolls Out Egypt’s 1st Drive-Thru Donation

West Cairo's Arkan Plaza is reopening for a good cause by inviting guests to cruise through the development's parking lot as a part of a drive-thru charity, whereas all donations will be directed to workers relying mostly on tips for income.

CED Warms Hearts of Frontline Workers with Special Launching Offer

Egypt's national developer City Edge Developments (CED) has launched its newest project in the New Administrative Capital (NAC), called “Al Maqsad Residences," offering a preferential ten-year payment plan for health personnel.

Egypt to Establish Largest Fibre Optic Factory in MENA

State-run Arab Organization for Industrialization (AOI) and Benya Capital, a telecom and technology solutions provider, have joined forces to establish the largest fiber optic cable factory in Egypt and MENA, with a total investment of more than EGP 1 bn, at the Suez Canal Economic Zone (SCZone).

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