The board of directors of Social Housing and Mortgage Finance Fund has approved offering more than 9,834 residential units in Port Said and Damietta provinces, with areas varying between 105 and 120 square meters, as part of the state's efforts to provide a plethora of both social housing and investment units.
Amer Group Holding's board of directors approved on July 9 the appointment of Former Transport Minister Hisham Arafat as the company's new chairman and board member, succeeding Mansour Amer, its founder, after he stepped down on that day.
Egypt's Minister of Investment and International Cooperation Sahar Nasr has inked three EGP 125 mn grants with the Saudi Fund for Development (SDF), in a bid to boost financial leasing for small- and medium-sized enterprises (SMEs).
Cairo Investment and Real Estate Development (CIRA) has obtained an 81-acre plot from the New Urban Communities Authority (NUCA) to develop a private university in Nasser City, west Assiut.
Egyptian Ministry of Supply and Internal Trade, represented by the Internal Trade Development Authority (ITDA), has signed eight partnership contracts with private investors and developers to establish logistics and commercial hubs in eight different provinces.
Prime Minister Moustafa Madbouly has issued the executive regulations for a temporary bill to settle building code violations, aiming to take into account the social dimension and public interest, while reconciling with violators and legalizing the status of their properties
Pilot operation of Capital International Airport, located in the New Administrative Capital (NAC), east Cairo, commenced on July 9, which was primarily built to help promote tourism and ease the load on Cairo International Airport (CAI).
Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has sold its 51% equity stake in Oberoi Zahra, a luxury Nile cruise, to a private Egyptian investor for USD 4 mn.
The Central Agency for Public Mobilization and Statistics (CAPMAS) has indicated that Egypt's annual headline inflation has plummeted to 9.4% in June from 14.1% a month earlier for the first time in 2019 and the lowest since March 2016
QAS International, one of the leading accreditation bodies, has awarded the New Tiba Development Authority with the International Management System Certification (ISO 45001), in recognition of its intense efforts and the implementation of high-quality projects within the new city.
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