Egypt's government has outlined a comprehensive plan to remove encroachments on the Nile River and completely overhaul the site as a first step toward implementing "Ahl Masr Corniche," or People of Egypt Walkway, running between Cairo and Aswan.
The New Urban Communities Authority's (NUCA) planning and projects sector has facilitated the promulgation of ministerial approvals for the implementation of about 109 urban and service investment projects across 17 new cities in 2019.
Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.
CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country
Misr Italia Properties (MIP) has launched new e-services through the latest "Loyalty Program," kicking off in collaboration with Egypt’s digital payments company Fawry.
The National Company for Housing for Professional Syndicates (NHPS) has approved on December 26 an offer submitted by IMEX International to the National Bank of Egypt (NBE) to purchase Le Méridien Heliopolis.
Egypt’s Sixth of October for Development and Investment Company (SODIC) has announced that its wholly-owned subsidiary, SOREAL, signed a medium-term facility worth EGP 1 bn with Commercial International Bank (CIB) to partially finance a non-residential project in East Cairo
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, is planning to further expand its presence in Egypt and set foot into Tunisia as tourism in both North African countries recovers.
Egypt's newly-introduced sovereign wealth fund (aka Tharaa) received on December 18 the Cabinet approval to hold the rights to overhaul the main entrance of Salah El Din Citadel, or "Bab El Azab," under a 49-year contract.
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