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SODIC to Launch EGP 34 bn Projects in New Zayed

Sixth of October Development and Investment Company (SODIC) has revealed its future plans to launch four additional projects in New Zayed, west Cairo, pumping investments worth EGP 34 bn over ten years.

Orascom, BESIX to Develop Waste-to-Energy Plant in West Cairo

The New Urban Communities Authority (NUCA) has signed a memorandum of understanding (MoU) with Orascom Construction and Belgium-based BESIX Group to establish a waste-to-energy plant in west Cairo

Cabinet to Receive Real Estate Development Draft Bill

Primer Minister Mostafa Madbouly has mandated the swift finalization of a draft law to establish the "Egyptian Federation for Real Estate Developers," which aims to regulate property development, ahead of its presentation to the cabinet for approval.

PHD, JBI Partner for Badya’s Project Management

Egypt's real estate developer Palm Hills Developments (PHD) signed on September 10 a service agreement with Julius Berger International GmbH (JBI) for project management of Badya in 6th of October City, west Cairo.

Porto Group Officially Launches Golf Porto Cairo

Porto Group celebrated on September 7 the official launch of Golf Porto Cairo, its latest project in Mostakbal City, east Cairo.

Nasser City Expects Over 3,000 Units Done in December

West Assiut's Nasser City will witness the finalization of 1,584 social housing units, together with 1,440 apartments in the city’s Sakan Misr medium-income project, by next December

K&A Named Advisor for Egypt’s USD 4.5 bn Monorail Project

Multidisciplinary design consultancy Khatib & Alami (K&A) has been named the lead government transaction advisor on the construction, financing, and operations of the planned USD 4.5 bn monorail project, linking east and west Cairo.

Foreign Reserves Hit All-Time High of USD 45 bn in August: CBE

The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.

PM Opens New Investor Service Center in Minya

Prime Minister Mostafa Madbouly inaugurated on September 7 the Investor Service Center (ISC) in Minya, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Pyramids Developments Unveils 5th Commercial Project in NAC

Pyramids Developments has unveiled Paris East Mall, its fifth commercial project in the New Administrative Capital (NAC), with sales exceeding EGP 1.5 bn in less than 48 hours.

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