City Centre Almaza Earns LEED-Gold Certification

• Thursday, 14th May 2020
• by Invest Gate

East Cairo's City Centre Almaza has been certified LEED Gold by the US Green Building Council (USGBC), denoting proficiency in sustainable design, construction, and operation standards.

Lafarge Egypt Repairs Ventilators, Provides Food Boxes

• Thursday, 14th May 2020
• by Invest Gate

Lafarge Egypt, a subsidiary of LafargeHolcim Group, has announced repairing 460 ventilator devices in public hospitals nationwide and providing 2,000 food boxes to support daily workers in Qalyubia Governorate.

Gov’t Preps for Phase II of Maspero Triangle Project

• Wednesday, 13th May 2020
• by Invest Gate

Phase II of Maspero Triangle Development Project is on the verge to commence, proceeding in line with the planned intensive implementation timelines

Al Ahly Sabbour Donates EGP 4.5 mn in Coronavirus Support Efforts

• Wednesday, 13th May 2020
• by Invest Gate

Al Ahly Sabbour Developments has cooperated with Tahya Misr Fund to purchase a set of respirators and 75,000 COVID-19 test kits, at a total value of EGP 4.5 mn, in efforts to aid the government in combating the novel pandemic.

JLL Predicts E-Commerce Boom in Egypt Amid COVID-19

• Wednesday, 13th May 2020
• by Invest Gate

JLL expects a new wave of e-commerce transformation across Egypt, especially in Cairo, after showing a notable growth potential following the coronavirus fallout

Egypt’s Social Housing Program Costs EGP 243 bn: Minister

• Wednesday, 13th May 2020
• by Invest Gate

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.

Egypt Halts Building Permits in 4 Governorates

• Wednesday, 13th May 2020
• by Invest Gate

Egypt has signed off on suspending the issuance of building permits for new housing units in Cairo, Giza, Qalyubia, and Alexandria for six months.

Invest-Gate Conducts 1st Virtual Roundtable to Examine Smart Real Estate Amid COVID-19

• Tuesday, 12th May 2020
• by Invest Gate

Register Now:
https://zoom.us/webinar/register/WN_r1t_VCAUQC6iMfb85sOhFg

As the spread of the novel COVID-19 abounds in Egypt, Invest-Gate is conducting on May 17 at 1 p.m. its first virtual roundtable to tap the knowledge and experience of local real estate market leaders, allowing them to access their collective intelligence and provide proprietary insights into the Egyptian property market's pre- and post-Coronavirus performance.

Egypt Rolls Out EGP 3 bn Initiative to Support Tourism: Minister

• Tuesday, 12th May 2020
• by Invest Gate

Egypt's Ministry of Finance has agreed to present EGP 3 bn in funding provided by the Central Bank of Egypt (CBE) to state banks for soft loans to tourist and hotel establishments at 5% annual interest, in a bid to contain the COVID-19 fallout.

IMF Approves USD 2.8 bn in Pandemic Aid to Egypt

• Tuesday, 12th May 2020
• by Invest Gate

The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.