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Official Calls for Swift Work on 936 Low-Income Housing in West Cairo

Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.

Chinese Alliance Signs Deals for Egypt’s 1st LRT Project

Egypt has signed two agreements with a Chinese alliance for the execution of the second and third phases of the country's first light rail transit (LRT) project, connecting El Salam City and the New Administrative Capital (NAC) through 10th of Ramadan City.

Hassan Allam Consortium Secures Work for Cairo Metro Line IV

Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction, was awarded a new contract for some work on the first phase of Cairo Metro Line IV.

ODE Seals USD 265 mn Loan Agreement

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

GAFI Ratifies USD 1.1 bn New Projects in 9M

The General Authority for Investment and Free Zones (GAFI) signed off on the execution of 31 new investment projects across Egypt during the first nine months of 2020, at a total cost of USD 1.1 bn (EGP 17.2 bn).

Emaar Misr Gets Nod on EGP 40 bn Investment Zone

The General Authority for Investment and Free Zones (GAFI) has ratified the establishment of a new investment zone for Emaar Misr for Development, with EGP 40 bn worth of investments.

Gov’t Lifts Construction Ban, Sets 6M Transitional Phase

Egypt's government has decided against renewing its six-month construction ban in Greater Cairo and Alexandria to end as of December, setting a six-month transitional period to outline the proposed city-scale building and planning controls and requirements for eliminating previous loopholes.

ARDIC Intends to Deliver Phase I of Zizinia El Mostakbal in June 2022

ARDIC for Real Estate Development and Investments has announced plans to deliver phase I of east Cairo's Zizinia El Mostakbal project, including 500 residential units, in June 2022, with intentions to finish the entire compound before 2024.

MG Developments Selects 3 Foreign Firms to Finish New Cairo Project

MG Developments has revealed contracting with several leading companies to complete internal and external finishes of its fully-fledged administrative/commercial complex in New Cairo, called Headquarters Business (HQ).

Egypt’s Remco Aims to Secure EGP 3.3 bn Co-Financing

EGX-listed Remco for Tourism Villages Construction has joined forces with its subsidiaries and sister companies to secure EGP 3.3 bn worth of long-term co-financing.

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