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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.

OUD Affirms Responsibility Towards Employees

Chairman of Oriental Urban Developers (OUD) Mohamed Mohamed Farid Khamees asserted his commitment towards the company's employees despite any economic challenges resulting from COVID-19 outbreak, Invest-Gate reports.

Housing Minister Follows up on Mountain View’s Projects

Minister of Housing, Utilities and Urban Communities Assem El Gazzar met with officials from Mountain View Real Estate and Urban Development Company, to follow-up on the precautionary measures the company took to protect workers on work sites from the coronavirus (COVID-19), Invest-Gate reports.

El Shahawi Properties Launches ‘United We Stand’ to Combat COVID-19

Shahawi Properties launched a new initiative “United We Stand, You count & so does every family in need” to combat coronavirus (COVID-19), Invest Gate reports.

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