Egypt's cabinet approved on September 4 the reallocation of a 23,241.8-acre plot for the New Urban Communities Authority (NUCA) to establish a new fully-fledged urban development in New Port Said.
Egypt will launch an electronic platform for investors to buy industrial plots soon, amid efforts to promote transparency and fair competition within the sector, while promoting and making use of the available land opportunities.
The Egyptian government has decided to set up a legal committee, headed by the chairman of the Council of Ministers, to study the legal implications and determine a mechanism to collect the recently imposed fees on users of coastal beaches
Egypt's real estate development company Palm Hills Developments (PHD) has appointed Mohamed Fahmy as Chief Operating Officer (COO) and an executive member of its board of directors, with immediate effect
Egypt's property developer Inertia is launching the first phase of Seacliff neighborhood in Jefaira, its integrated community on the North Coast.
Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.
The Finance Ministry decided to revert to setting the monthly customs exchange rate on a daily basis according to FX rates announced by the Central Bank of Egypt (CBE)
Al-Futtaim Group Real Estate and Etisalat Misr have agreed to provide triple play services for Cairo Festival City, New Cairo, by early 2020, facilitating the provision of data communication services and high-speed broadband
Egypt's real estate developer Palm Hills Developments (PHD) posted a 3% rise in net profits after tax and minority interest in H1 2019, hitting EGP451 mn.
Egypt is due to open its USD 500 mn Pyramids Renovation Project in Q1 2020, which will be managed and operated by Orascom Investment Holding (OIH), providing first-class facilities and recreational services on-site.
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