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Rixos Hotels Sets Foot Into Hurghada with 3 New Resorts

Rixos Hotels has uncovered plans to diversify its portfolio in Egypt and expand into Hurghada's Makadi Bay, Magawish, and Sahl Hasheesh, with three new properties slated to open its doors toward the year-end

Cement Division Launches 1st Website for Industry Producers

Cement Division, a subsidiary of Building Materials Chamber at the Federation of Egyptian Industries (FEI), announced on April 22 the launch of its first website, which will provide information to all concerned parties in cement industry in Egypt.

Deutsche Hospitality Plans to Open 2 Hotels in Egypt This Year

Deutsche Hospitality has revealed plans to open two hotels in Egypt in 2019, bringing the total of its hotel openings in Egypt this year to three properties.

Arabian Cement Appoints Salvador Cabanas Lopez as CFO

Egypt’s cement producer Arabian Cement Company (ACC) said its board decided on April 14 the appointment of Salvador Cabanas Lopez as the chief financial officer (CFO).

ACUD Receives Over 10 Foreign Offers to Invest in NAC: Official

Khaled El Hosseini, spokesperson of the Administrative Capital for Urban Development (ACUD), has received more than ten offers by foreign companies to develop projects in the New Administrative Capital (NAC).

Sabbour Consulting to Supervise Hometown’s ZAHA Park

Sabbour Consulting and Hometown Real Estate Development have signed a consulting services agreement to provide general consultancy and supervise the implementation of the latter company’s commercial and administrative complex in the New Administrative Capital (NAC), ZAHA Park.

El Gazzar Says 15 Coastal Towers Underway in New Alamein

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 15 coastal towers are underway in New Alamein city, with up to 41 floors and comprising nearly 4,500 units, confirming that the towers' finishing works are being carried out in parallel with the construction works.

Gov’t Imposes Temporary Tariffs on Steel, Iron Imports

Egypt's Ministry of Finance has commenced the imposition of temporary fees of 15% on iron billets and 25% on steel rebar for 180 days, starting April 15.

Gov’t to Soon Finalize 707,000 Social Housing Units: Official

CEO of Mortgage Finance Fund (MFF) Mai Abdel Hamid has unveiled that a total of 707,000 social housing units are being finalized to accommodate 226,000 citizens, which will be complemented with 761,000 service projects.

ACUD, Cairo Gas Ink Deal to Supply Natural Gas to NAC’s Government District

The Administrative Capital for Urban Development (ACUD) signed on April 18 a cooperation protocol with state-run Cairo Gas, representing the petroleum ministry, for the establishment of a natural gas network at the New Administrative Capital's (NAC) government district.

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