The New Urban Communities Authority (NUCA) will offer 3,098 housing plots in 11 new cities, ranging between 209 and 287 square meters, through a land lottery system from September 15 to October 15.
Egypt's Cabinet has nodded the establishment of two non-profit universities in New Salhia and Sharm El Sheikh, in an attempt to better serve different areas and change the scope of higher education in Egypt.
The Suez Canal Economic Zone (SCZone) attracted about USD 15 bn (EGP 236.84 bn) worth of investments over the past five years, thanks to the establishment of over 220 companies in the various vital fields of Egypt.
Prime Minister Mostafa Madbouly has confirmed that the state has lost about 400,000 acres of agricultural land due to urban sprawl, adding that unplanned settlements represent almost 50% of total urban areas and villages in Egypt.
Egypt-based Sabbour Consulting has agreed to oversee the construction of a mixed-use tower project in the New Administrative Capital (NAC), dubbed "I Business Park."
Kafr El Sheikh Governor Gamal Nour El Din has presented work progress on phase III of the city's social housing project, indicating the completion of 28 residential buildings, whereas nine others are nearing allocation.
Egypt's Cabinet has approved a draft presidential decree to reallocate two state-owned plots for the Ministry of Supply and Internal Trade to establish logistics zones in Luxor and Sharqia provinces.
Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.
Country Manager at Sinai Cement Company Tamer Magdy has called for immediate action by the Egyptian government to address the current local industry crisis, as the gap between the excessive supply and lagging demand widens.
Egyptian real estate developer Lions Group has acquired six land plots on the Cairo-Alexandria Desert Road to carry out a residential project in west Cairo's 6th of October City, at an estimated cost of EGP 50 mn.
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