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Misr Italia Properties Sends ‘Message of Hope’ to Everyone

Misr Italia Properties (MIP) has sent a “Message of Hope" to everyone amid the coronavirus pandemic crisis, Invest-Gate reports.

El Gazzar: EGP 100 bn Projects Obtain Approvals in Q1

Assem Al-Jazzar, Minister of Housing, Utilities, and New Urban Communities, affirmed that there are several achievements made by the Planning and Projects Sector in the New Urban Communities Authority (NUCA) in the first quarter of 2020, Invest-Gate reports.

Abbas Visits NAC’s Capital Park, Reviews Work Progress

Deputy Minister of Housing, Utilities, and Urban Communities for National projects Khaled Abbas followed up on the implementation of the central park complex project, Capital Park, in the New Administrative Capital (NAC) in east Cairo

Egypt, ITFC Ink USD 100 mn Deal to Secure Essential Commodities

The International Islamic Trade Finance Corporation (ITFC) Inked USD 100 mn financing agreement with the General Authority for Supply Commodities (GASC) to cover the Egyptian government’s essential strategic commodity needs amid the COVID-19 pandemic, state-run Ahram Online news website.

New Burj Al Arab Head Praises Work Progress at Several Factories

Essam Badawi, head of the New Burj Al Arab City Development Authority, praised the full-capacity production as well as all necessary measures taken to curb the virus, stressing the cooperation of all departments to overcome any obstacles that may face the work process

Egypt’s Suez Canal Achieves Higher Revenues

Egypt’s Suez Canal Authority Chairman Osama Rabie said the canal achieved a 2 % increase in its revenues to USD 1.907 bn during the first four months of 2020

Asphalt is Laid on Roads of 800-Acre Neighborhood: Official

Head of New October City Development Authority Adel El Naggar announced that asphalt is being laid on roads of the social housing project located in section D of the 800-acre neighborhood

Development Projects Underway in New Mansoura

Head of New Damietta Development Authority Mohamed Ragab followed up on projects being implemented in New Mansoura City

Egypt Might See Slow Growth Due to Coronavirus: Minister

Planning Minister Hala El Saeed said Egypt endeavors to see a growth of 3.5% in FY 2020/21, yet this figure could cripple to 2% if the coronavirus pandemic continues till December.

CED Awards EGP 138 mn Contract to Construct Etapa Phase II

Egypt's national developer City Edge Developments (CED) has awarded an EGP 138 mn contract to Gama Construction for carrying out construction works of phase II of Sheikh Zayed's Etapa.

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