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El Gazzar Tracks Progress on Port Said Developments

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with Port Said Governor Adel Al-Ghadban to follow up on the various ongoing development projects driving economic growth and real estate investment to the Mediterranean city.

Beta Egypt Lists 100 West Cairo Units Under CBE Initiative

Beta Egypt for Urban Development and Banque Misr have partnered to provide mortgage services for the Egypt-based developer's various gated communities in west Cairo's October Gardens, thereby listing 100 residential units under the Central Bank of Egypt (CBE) real estate financing initiative.

Egypt Economic Summit Returns for 2nd Edition in December

The nation's biggest Economic Summit is back for a second run on December 2 at St. Regis Cairo, under the auspices of Prime Minister Mostafa Madbouly, starring more than 20 keynote speakers and influential leaders in the public and private sectors to discuss key opportunities in Egypt amid the continued outbreak.

Maxim, McARTHUR Partner for Shopping Centers Management

Egypt-based Maxim Consultancy has signed an agreement with McARTHUR + COMPANY to manage and market its shopping centers in Egypt, starting with Maxim Mall in New Cairo.

Doja Uncovers 3rd Mixed-Use Project in NAC

Egypt-based Doja Developments has uncovered its third project in the New Administrative Capital (NAC), extending over an area of 3,000 square meters in the Downtown District and comprising an array of administrative, medical, and commercial properties.

Gov’t Mulls Over Saint Catherine’s Great Transfiguration Project

Egypt's housing ministry has held an expanded meeting to review the Great Transfiguration Project, which is aimed at the restoration of Saint Catherine's Monastery, South Sinai, in an attempt to revive the historical site.

Orascom’s Consortium Gets USD 800 mn Award for Cairo Metro Line IV

A consortium of Egypt-based Orascom Construction (OC) and Japanese conglomerate Mitsubishi Corporation was awarded a USD 800 mn (EGP 12.5 bn) contract to execute work on the first phase of the Cairo Metro Line IV.

Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers

Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despite the resumption of international flights and reopening of prime tourism spots.

Official Calls for Swift Work on 936 Low-Income Housing in West Cairo

Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.

Chinese Alliance Signs Deals for Egypt’s 1st LRT Project

Egypt has signed two agreements with a Chinese alliance for the execution of the second and third phases of the country's first light rail transit (LRT) project, connecting El Salam City and the New Administrative Capital (NAC) through 10th of Ramadan City.

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