Managing Director and CEO of Madinet Nasr Housing and Development (MNHD) Ahmed Al Hitamy has uncovered the launch of three new phases of New Cairo's Taj City and Sarai.
Egypt and the UAE have agreed to establish a USD 20 bn (EGP 322.6 bn) joint strategic investment platform, funded equally by the state-run Abu Dhabi Development Holding Company (ADDHC) and the Egyptian newly-introduced sovereign wealth fund, Tharaa.
The Egyptian National Organization for Military Production (NOMP) has inked a memorandum of understanding (MoU) with Kuwait’s MEASC Safe Smart Cities to cooperate in the fields of technology, safety, and security of smart cities.
The New Urban Communities Authority awarded on November 7 an EGP 317.3 mn contract to Giza General Contracting and Real Estate Investment Company for conducting some remaining utility works in New Aswan.
Egypt's new sovereign wealth fund, Tharaa, has signed two separate cooperation agreements with the Ministry of Public Enterprise Sector and National Investment Bank (NIB) to maximize the utilization of the state's assets and lure private investments.
Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that the initial designs for Swiss-based University of Lausanne (UNIL) have been implemented by one of the global consultancy offices to be executed in New Alamein.
Egypt's finance ministry has kicked off a comprehensive national project for the automation and digitization of tax administration and procedures, coming jointly with IBM, SAP, Ernst & Young (EY), among other local and foreign entities.
Egypt's property developer Mabany Edris plans to pump investments worth EGP 1.25 bn in its first-ever integrated compound in New Assiut, aiming to deliver phase I of the project within two years
CEO of Misr Italia Properties Mohamed Hany El Assal has revealed that his company has invested around EGP 3.4 bn across a number of projects throughout this year.
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