News / Egypt

Egypt’s Annual Headline Inflation Rises to 7.2%

Egypt's annual headline inflation rate recorded 7.2% in January 2020, compared to 7.1% in December 2019

ACUD Invests EGP 300 bn in NAC Phase I: Official

Ahmed Zaki Abdeen, chairman of the New Administrative Capital for Urban Development (ACUD), said that the 40,0000-acre first phase of the New Administrative Capital (NAC) has seen investments worth EGP 300 bn, all of which is self-financed

Works Underway on 613 Buildings in New Mansoura

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced that 468 buildings, with 11,232 residential units, are underway at the JANNA luxury housing project in New Mansoura

DM Development Launches New Phase of The Groove

DM Development unveiled on January 20 the launch of a new phase of The Groove, "Siera," in Ain Sokhna

Castle Development, ABC Ink FM Deal for NAC Project

Egypt's Castle Development signed a memorandum of understanding (MoU) with Ashi and Bushnag Company (ABC) to provide consulting and facility management services to the former's flagship project, Castle Landmark

Savills, Invest-Gate Join Forces for “Branded Residences” Event in February

International real estate consultancy firm Savills, in collaboration with Invest-Gate, will organize a major event titled,  "Branded Residences – Emerging Trends And Investment Opportunities," on February 24 at Four Seasons Hotel Cairo at Nile Plaza. 

MIPIM 2020 Names Invest-Gate Media Partner for 2nd Year

Invest-Gate has been named for the second successive year the media partner for the 31st edition of France’s leading real estate exhibition MIPIM, which will be held from March 10 to 13 at Palais Des Festivals, Cannes.

New Sphinx Authority Gets 6,240 Applications for Land Reconciliation

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said that the New Sphinx City Authority has received 6,240 requests for reconciliation on land plots located in the new city

NUCA Nods to EGP 60.281 bn Budget for FY 2019/20

The New Urban Communities Authority (NUCA) has said that its board of directors (BoD) agreed on the FY 2020/21 budget, with total investments worth EGP 60.281 bn

Misr Italia Properties Starts Delivery of IL BOSCO in 2020

Misr Italia Properties (MIP) announced it will start the delivery of the first phase of 'IL BOSCO' in 2020 ahead of schedule set in 2021

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