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New Aswan Sees EGP 2 bn Investments Until Mid-2018: Official

Ahmed Rashad, head of New Aswan City Authority, said that investments worth roughly EGP 2 bn have been injected into the new city until June 30, 2018.

Real Estate Tax Law Will Soon be Finalized: Finance Ministry

The Ministry of Finance announced on February 10 that the proposed amendments to the current real estate tax law will soon be finalized.

ARDIC to Launch Residential Project in Upper Egypt in H2 2019

Egypt-based ARDIC Real Estate Development and Investments is planning to launch the first phase of its residential project in Minya Governorate during the second half of this year.

Better Home’s 4th NAC Project Witnesses High Demand

Egypt's real estate developer Better Home Group has recently launched the first phase of its fourth project in the New Administrative Capital (NAC), MidTown SKY.

Over 9,000 Factories Licensed in H1 2018/19: Minister

About 9,972 Egypt-based factories had received constructing and operating licenses, and temporary operating permits (TOPs), based on the latest report Minister of Trade and Industry Amr Nassar has received on the performance indicators of the Industrial Development Authority (IDA) for H1 of FY 2018/19.

Three Consortiums Vie to Develop Dry Port in West Cairo

The Egyptian finance ministry has revealed that three international consortiums are competing to win a contract for the construction of a dry port, west Cairo, with investments expected to exceed USD 100 mn.

Egypt’s Tourism Industry to Upturn in 2019

Colliers International MENA Hotel Forecast for 2019 has uncovered that Egypt's tourism industry will witness a boom this year, forecasting the Red Sea resorts of Hurghada and Sharm El Sheikh to become tourist hot spots in 2019, with anticipated growths of 13% and 12%, respectively, in revenue per available room (RevPAR).

Cairo’s Four Seasons Gets First Electric Car Charging Station

Four Seasons Hotel Cairo at The First Residence, west Cairo, has been named the first hotel in Egypt to install and operate an electric car charging station, which is now fully operational, on the back of the government's efforts in gearing towards a more eco-friendly economy.

Wadi Degla Starts Work on Promenade Maadi

Egypt-based Wadi Degla Developments has commenced work on a new luxurious residential compound dubbed "Promenade Maadi," with investments worth EGP 350 mn.

Oscar Misr Uncovers 3 Projects in New Cairo

Oscar Misr Developments is planning to launch three new projects during the current year in Beit Al Watan housing project, New Cairo, with investments worth EGP 35 mn.

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