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CBE Attracts More Than EGP 21 bn From T-Bills

The Central Bank of Egypt (CBE) has successfully secured more than EGP 21 bn in investments from the EGP treasury bills (T-Bills).

NUCA VP Abdulmutallab Mamdouh Inspects NAC Utility Projects

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected utility projects in the New Administrative Capital (NAC).

Egypt’s Economy Remain Steady in Emerging Markets: Goldman Sachs

A recent Goldman Sachs report reveals around half of the foreign investments that exited the Egyptian market amid the onset of the COVID-19 crisis has returned, with further inflows projected.

El Anany Inspects NAC Museum

Minister of Tourism and Antiquities Khaled El Anany had inspected the Museum of the New Administrative Capital (NAC) to follow up on new developments in preparation for the grand opening.

AAIB, SODIC’s Unit Ink EGP 2.57 bn Credit Facility

Sixth of October for Development and Investment Company's (SODIC) subsidiary, Sixth of October Development and Real Estate Projects (SOREL), has signed an EGP 2.57 bn medium-term credit facility with the Arab African International Bank (AAIB).

MIP Marks 1st Developer to Deliver in NAC

Misr Italia Properties (MIP) has announced the delivery of its flagship development in the New Administrative Capital (NAC), named "IL BOSCO," making it the first among the private sector to handover projects in NAC ahead of schedule, instead of 2021.

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.

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