Deutsche Hospitality's luxury brand Steigenberger Hotels and Resorts is growing its portfolio in Egypt with its 12th hotel venture, "Steigenberger Pyramids Cairo," nestled amidst Giza Pyramids and Grand Egyptian Museum.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 4,704 housing units, spreading across 196 separate buildings, are 82% done at New Mansoura's Sakan Misr middle-income project
Heliopolis Company for Housing and Development (HHD) has achieved EGP 259 mn from auctioning plots in Sheraton, Heliopolis, selling about 1,980 square meters of the firm's land bank
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on June 26 that the parallel route to the Suez Canal - or June 30 Axis - will be inaugurated next month, slated to link Port Said, Ismailia, and Suez provinces.
Egypt’s parliament approved on June 24 the FY 2019/20 budget starting in July, with spending set at EGP 1.6 trn, up EGP 150 bn from the current fiscal year, marking the biggest state budget in the country's history.
Thomas Cook Group plans to open two new hotels within a couple of months in El Gouna, Hurghada, notably Cook’s Club and Casa Cook, as popularity augments for the all-year-round destination among vacationers.
Egypt-based Samcrete Development is currently negotiating with three international firms to run Pyramids Hospital in 6th of October City, west Cairo, with the company's name will be announced before year-end
The North Coast's Marina Alamein Tourist Center, headed by Former Tourism Minister Hisham Zaazou, has begun taking serious measures against forgers of the resort's access IDs, aiming to put an end to frauds committed on identities of owners and guests
The New Urban Communities Authority (NUCA) will offer 1,042 fully-finished housing units in the R3 residential district of the New Administrative Capital (NAC) and Shorouk City's Sakan Misr middle-class housing project.
Global Pioneers Real Estate Investment, an affiliate to UAE-based Pioneer International Group, has begun the construction of the first commercial center in MU23 district at the New Administrative Capital (NAC), at costs amounted at EGP 750 mn.
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