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Cleopatra Hospital Forms JV to Revamp Beni Suef’s Nahda Hospital

Egypt-based Cleopatra Hospital Group (CHG) has inked a joint venture (JV) agreement with Nahda University for Education and Management and Taaleem Management Services to renovate and operate Nahda Hospital in Beni Suef, with investments up to EGP 360 mn.

Egypt’s Free Zone Exports Hit USD 10.1 bn in 6M

Egyptian free zones, operating with roughly 1,090 projects, logged exports worth USD 10.1 bn (EGP 167.4 bn) during the first six months of 2019, coming with a capital of USD 12.1 bn (EGP 200.4 bn) and foreign direct investments (FDIs) of USD 2.1 bn (EGP 34.8 bn).

NUCA Allocates Plots for 6 Mixed-Use Projects in Sadat City

The New Urban Communities Authority (NUCA) has allocated six land plots in Sadat City, Monufia Governorate, for various activities (residential, commercial, administrative, industrial, etc.).

CBE Cuts Interest Rates for 1st Time in 6M

The Central Bank of Egypt (CBE) announced that the Monetary Policy Committee (MPC) has decided to cut interest rates by 150 basis points, marking the first cut in six months or since February

Ora Developers Kicks off 1st Edition of ZED Club’s Cup

Ora Developers has unveiled that the first edition of its ZED Club’s Cup football tournament will be held on August 25 at the newly-launched ZED Park, west Cairo, under the auspices of Egyptian Ministry of Youth and Sports.

Gov’t Implements EGP 473 mn Water Projects in Ismailia

Egypt’s housing ministry is implementing five new potable water and sanitation projects in Ismailia Governorate, with investments worth EGP 473 mn, aiming to suffice 260,000 locals.

Gov’t, Private Developers Annually Pump EGP 200 bn in Housing Industry

Egyptian housing ministry and private sector pump total annual investments of nearly EGP 200 bn in the construction and real estate investment sector, which significantly contribute to the growth of the local economy.

Developers to Finish New Alamein Towers’ Exterior by July 2020

Prime Minister Mostafa Madbouly has called on New Alamein property developers to finalize finishing works of all towers' exterior facades before July 2020, entailing all companies to sign a formal acknowledgment to betoken their commitment to meet the target dates.

Remco Gets 115.65 Acres for Urban Project in New Cairo

Remco Tourism Villages Construction Company (RTVC) has been allocated a 115.65-acre plot by the New Urban Communities Authority (NUCA) to develop a fully-fledged urban project in New Cairo.

JW Marriott Residences New Cairo, Al Jazi Gardens Kick off Luxury Living

Gulf Building and Construction, an affiliate to Seldar Misr, brings “Al Jazi Gardens”, the first branded residences living development in Egypt, triggering a new paradigm shift to lifestyles in Egypt via its luxury-finished condominiums.

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