News / Egypt

Akam Developments Eyes EGP 5 bn Sales of 2nd NAC Project

Akam Developments has released its second real estate development in the New Administrative Capital (NAC), dubbed ”Scene7," targeting EGP 5 bn in sales of the project's various residential, commercial, and sports properties.

CED Releases Phase II of Mazarine Islands in New Alamein

Egypt's national real estate developer City Edge Developments (CED) has announced the launch of phase II of its Mazarine Islands development in New Alamein, North Coast, following the successful sell-out of the project's first phase.

New Plan Developments Inks Protocol for Port Said’s Piazza

New Plan Developments has inked a cooperation protocol with Port Said Governorate for the development of "Sahet Misr," which is the main piazza of the coastal Mediterranean city.

SHMFF Agrees to Offer 125,000 Housing Units Across Egypt

The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved the offering of 125,000 residential units (100,000 social housing and 25,000 middle-income housing units), as part of phase I of President Abdel-Fattah El-Sisi's initiative to provide homes for all citizens.

‘Let’s Make Your Home Special:’ IKEA Launches its Online 2021 Catalog in Egypt

IKEA, the Swedish pioneer and top-rated brand in furniture and one of Al-Futtaim Group’s companies, has successfully, electronically, and unprecedentedly launched its new edition of the 2021 catalog in Egypt. In fact, the launch coincides with the 70th anniversary of IKEA’s first catalog release, and was curated under the slogan of "Let's make your home special". 

Master Group Introduces EGP 6 bn Project to NAC

Egypt’s real estate developer Master Group has rolled out its second residential project in the New Administrative Capital (NAC), named "City Oval," with investments estimated at EGP 6 bn.

Deputy Minister of Housing Inspects El Alamein International University

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas stresses on adhering to an intensive timetable for the completion of the large educational edifice in New Alamein City

Cityscape Egypt Is Back This November

Cityscape Egypt is to take place on November 4 till November 7, says its official press release at the Egypt International Exhibition Centre (EIEC) in Cairo.

Gov’t Reduces Building Code Violation Fines in New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reduced fines and penalties ​​for reconciliation in building violations in new cities from 15% to 25%.

New Damietta Sees An Electric Art

New Damietta City Authority launches an artistic initiative to beautify the city, turning all electricity units into descriptive paintings

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