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Transport Ministry Earmarks EGP 7.3 bn to Expand Cairo Ring Road

Egypt's transport ministry is currently undertaking the expansion of the Ring Road around Greater Cairo, with costs totaled at EGP 7.3 bn, aiming to help in trimming down traffic jams on the metropolitan area's most important freeway.

Old Cairo’s Bab Al-Azab Revamp to Get Underway

The Sovereign Fund of Egypt (SFE) has signed an agreement with the Supreme Council of Antiquities (SCA) to kick off plans to develop and operate Old Cairo's Bab Al-Azab landmark into a tourist area, in partnership with private investors.

Egypt Digitizes 40% of Local Property Registration Offices: Minister

Minister of Justice Omar Marwan has confirmed that roughly 40% of Egypt's real estate registration offices have been digitized, with more in the pipeline as part of the state's digital transformation efforts to achieve financial inclusion.

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.

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