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NextMove Egypt Kicks off Mid-October

NextMove Egypt, powered by Cityscape Egypt, will be held from October 17 to 19, planning to offer visitors a slew of exclusive buying incentives from capital-focussed developers and those behind the latest green communities and compounds located in Greater Cairo, Alexandria, and Egypt's north and east coasts.

Egypt Secures EGP 16 mn Belgian Grant for Baron Palace

Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.

SODIC Launches ‘The Estates’ in New Zayed

Sixth of October Development and Investment Company (SODIC) has launched its newest signature project in New Zayed, or “The Estates," debuting a series of new projects to be developed in the newly-introduced area in west Cairo.

EU Funds Egypt’s Development at EGP 19.91 bn Annually: Minister

Egypt’s Minister of Trade and Industry Amr Nassar has revealed that the European Union (EU) is funding development projects in Egypt at an annual coast of EUR 1.1 bn (EGP 19.91 bn).

Egypt Inks Deal for EGP 40 bn Telecom Network in NAC

Egypt has sealed a deal for developing an EGP 40 bn telecommunications network, coming as the first phase of a wider plan to provide smart and security services networks in New Administrative Capital (NAC), east Cairo, covering the new city's Government District only.

New Akhmim Sees 1,632 Housing Units 70% Finalized

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,632 social housing units, within 68 buildings, are 70% completed in New Akhmim, Sohag Governorate, as part of the state's efforts to provide affordable housing to low-income citizens

Orascom Construction, Siemens to Rebuild 1.6 GW Plant in Iraq

Egypt's Orascom Construction has announced that its consortium with Siemens signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq, Invest-Gate reports.

Egypt’s NAC to Have Largest Entertainment District in MENA

Egypt is nearing to finalize a deal for an entertainment district in the New Administrative Capital (NAC), east Cairo

Porto Group to Implement EGP 3 bn Project in Assiut

Porto Group's subsidiary, Porto Assiut Tourism Development, has signed an agreement with New Urban Community Authority (NUCA) to purchase a land plot in Assiut, Upper Egypt, for the implementation of an EGP 3 bn project.

Gov’t Plans to Offer 2,082 Plots in 17 New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 2,082 plots will be offered in 17 new cities, starting September 17.

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