Egypt-based Elsewedy Electric was ranked third place in the "Most Honored" segment for the second time in the Institutional Investor's 2020 Emerging Europe, the Middle East, and Africa (EMEA) Executive Team survey.
First Group is on the verge to launch phase II of its commercial/administrative project in west Cairo's Sheikh Zayed, dubbed “Kazan Plaza," following the sell-out of 95% of the first batch of units.
Master Group Vice-Chairman Mohamed Mounir has confirmed that more than 70% of the Egyptian real estate developer's flagship project in the New Administrative Capital (NAC), or "The City," has been sold out.
Sixth of October for Development and Investment Company (SODIC) has unveiled plans to deliver its newest commercial project in New Cairo, dubbed "EDNC," in the coming year, after awarding over EGP 1.7 bn contracts for construction.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with several ministerial officials to follow up on the handing over of land plots in the "Beit El Watan" project, which is being developed to cater to Egyptian expats.
Prime Minister Mostafa Madbouly had held a meeting to follow up on the training of employees nominated to move to the New Administrative Capital (NAC).
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has followed up on the implementation of social housing units across several governorates and new cities.
Chairman of Industrial Development Authority (IDA) Mohamed Zalat has unveiled plans for the establishment of 13 high-quality industrial zones across Egypt for entrepreneurs and small investors.
The Financial Regulatory Authority (FRA) has signed off on allowing Egypt-based mortgage finance companies to lend up to 15% of their capital base to an individual household, instead of 10% earlier.
Finance Minister Mohamed Maait has confirmed that the country's eligible green projects amount to USD 1.9 bn (EGP 29.91 bn), which reflects the state's efforts to achieve the goals of its sustainable development strategy, or Egypt Vision 2030.
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