News / Egypt

Development Projects Are Underway in New Cities: El Gazzar

The Minister of Housing, Utilities and Urban Communities Assem El Gazzar asserted that development projects in new cities are underway in a bid to consistently implement the National Strategic Plan for Urban Development 2052, Invest-Gate reports.

Moody’s Keeps Egypt’s Credit Rating At B2

The credit profile of Egypt rating at B2 is supported by A3 economic strength according to Moody’s report, as reported by Ahram Online.

Reservation for 1,359 Units in JANNA Across 6 New Cities Opens

Reservation for 1,359 housing units in JANNA project across six new cities (6th of October, Sheikh Zayed, New Cairo, New Mansoura, New Damietta, Al-Shorouk) is now open.

Porto Group’s Profits Fall 12% in 2019

 Porto Group reported a 12.4% year-on-year decline in its consolidated profits to EGP 116.9 mn for 2019, Invest-Gate reports.

Suez Canal Zone Inks Deal to Boost Investments

Egypt’s Suez Canal Zone Authority (SCA) and its Suez Canal Container Terminal (SCCT) unveiled an agreement on April 14, committing to USD 50 mn of investments

IMF Says Egypt Among Emerging Economies Seeing Vulnerabilities

The International Monetary Fund (IMF) said that Egypt is among the major emerging and frontier market economies witnessing key vulnerabilities and a number of shocks, including growth challenges and oil price declines

32 Land Plots Across 14 New Cities To Be Offered Soon

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar declares 32 land plots across 14 new cities for urban development projects; such plots are to be offered soon

Infrastructure Projects Are In Progress At New Minya

Head of New Minya City Authority Mohamed Mostafa Ahmed declared the planned infrastructure projects, mainly roads, are in progress across social housing projects across New Minya city, Invest-Gate reports

Mountain View Launches its “Protect Those Who Protect Us” Initiative

In line with the nationwide "White Army" movement, the real estate developer, Mountain View, has launched its "Protect Those Who Protect Us" Initiative to support Egypt's health sector

250k New Social Housing Units To Be Built

Minister of Housing, Utilities and Urban Communities Assem El Gazzar discusses the implementation of 250,000 new social housing units across different governorates and new cities, Invest-Gate reports.

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