News / Egypt

West Cairo Awaits 147,680 Social Housing Units

West Cairo's New October City and October Gardens will shortly have a total of 147,680 social housing units completed, as part of the state's social housing project, which aims to provide adequate, affordable homes.

Minya’s Samalout Axis to Open by Year-End

Minya's 24-kilometer-long Samalout Axis, which entails establishing 30 bridges and 17 tunnels, and is part of seven axes being carried out over the Nile River at a total cost of EGP 9.5 bn, is set to be finalized by year-end.

Moody’s Affirms Egypt Credit Rating at B2 Stable

Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% by 2021.

Egypt to Announce Largest Land Offerings in New Cities

Egypt's housing ministry is preparing to release the largest land offerings in new cities within a few days, including residential, service, and commercial plots, while presenting various distinguished apartments and villas nationwide.

Gov’t Delivers 25,440 Units in October Gardens

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on September 1 that 25,440 social housing units have been completed and handed over in October Gardens, west Cairo

Alexandria’s Mahmoudia Axis to See 2 Mixed-Use Projects

The New Urban Communities Authority (NUCA) has inked a cooperation protocol with subsidiaries of Holding Company for Cotton, Spinning, and Weaving on the development of integrated urban projects within two plots owned by the latter on Mahmoudia Axis, Alexandria

NUCA to Establish Urban Project in New Port Said

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.

Online Industrial Allocation Portal to Launch in Egypt Soon

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.

Gov’t Forms Committee to Study Imposition of Beach Fees

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

Palm Hills Appoints Mohamed Fahmy as COO

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

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