Investors eager to get mixed-use land plots through the New Urban Communities Authority's (NUCA) new direct allocation system should initially set up a company (joint-stock, solidarity, or individual) that engages in the desired investment activity
Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced
The International Property Show (IPS) Riyadh, KSA, will host 16 Egypt-based property developers, meeting the government's plans to export Egyptian real estate abroad and convening from December 12 to 14, under the theme "Invest in Egypt."
Chicago's Council on Tall Buildings and Urban Habitat (CTBUH) has approved Egypt's membership in the council and agreed to convene the 2021 edition of its conference in the North African country.
The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.
Egypt-based Beta Egypt for Urban Development plans to pump up to EGP 400 mn into its flagship project, Beta Greens New Cairo, located in Mostakbal City, until late 2020
Amer Group has confirmed that works at its latest project in east Cairo, Porto Heliopolis, owned by its subsidiary Delmar for Touristic Development, have been temporarily suspended by the competent authorities.
Kafr El Dawar's social housing project, located in Beheira Governorate, has been officially inaugurated, with investments worth EGP 130 mn.
Egypt's Orascom Investment Holding (OIH) is in talks with Qatari Diar Real Estate Investment Company for a potential deal, after conducting several feasibility studies of different investment opportunities at the regional and global levels.
Orouba Misr Development unveiled on October 17 that construction works at "Orouba Mall" in Damanhour have commenced on-site, with investments worth EGP 5 bn.
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