News / Egypt

Gov’t Imposes 6-Month Ban on Building Permits

Local Development Minister Mahmoud Shaarawy has announced a six-month ban on construction permits in various urban cities, including Greater Cairo and Alexandria, pending verification of complying with building codes.

Al Fanar Agrees on EGP 5.5 mn Finishing Works in New Alamein

Al Fanar Contracting, Construction, Trade, Import, and Export Company has contracted with the consortium of the Consolidated Contractors Group (CCC) and HA Construction Company (HAC) for the execution of some finishing works in Downtown New Alamein, amounting to EGP 5.5 mn.

Arkan Plaza Rolls Out Egypt’s 1st Drive-Thru Donation

West Cairo's Arkan Plaza is reopening for a good cause by inviting guests to cruise through the development's parking lot as a part of a drive-thru charity, whereas all donations will be directed to workers relying mostly on tips for income.

CED Warms Hearts of Frontline Workers with Special Launching Offer

Egypt's national developer City Edge Developments (CED) has launched its newest project in the New Administrative Capital (NAC), called “Al Maqsad Residences," offering a preferential ten-year payment plan for health personnel.

Egypt to Establish Largest Fibre Optic Factory in MENA

State-run Arab Organization for Industrialization (AOI) and Benya Capital, a telecom and technology solutions provider, have joined forces to establish the largest fiber optic cable factory in Egypt and MENA, with a total investment of more than EGP 1 bn, at the Suez Canal Economic Zone (SCZone).

ODH’s Unit Secures EUR 18 mn to Kick-Start Home Project in UK

Eco-Bos Development, a subsidiary of Egypt's Orascom Development Holding (ODH), has secured a peak debt funding facility of EUR 18 mn to support the building of phase I of West Carclaze Garden Village in Cornwall, UK.

Mountain View’s Latest West Cairo Project Logs EGP 1 bn Sales

Egypt's property developer Mountain View has launched "MV Park - The Lake," its latest residential project in 6th of October City, generating sales totaled at EGP 1 bn.

Orascom Breaks Ground on Egypt’s 1st Monorail Line

A consortium made up of Orascom Construction, Arab Contractors, and Bombardier Transportation has broken ground on Egypt's first-ever monorail line, which will connect east Cairo and the New Administrative Capital (NAC), starting off on the first week of May.

Cabinet Reallots 707,000-Acre Coastal Lands for New Urban Project

Egypt's Cabinet has passed on the reallocation of four 707,000-acre land plots on the North Coast for the establishment of a new integrated urban community.

TMG Holding Settles Disputes Over San Stefano Project

Talaat Mostafa Group (TMG) Holding has signed a settlement agreement to resolve over Alexandria’s San Stefano project.

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