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