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Egypt Investment Map Phase II Kickstarts with 2,000 New Opportunities

Minister of Investment and International Cooperation Sahar Nasr uncovered on July 15 the second phase of Egypt’s investment map, adding up 2,000 new investment opportunities to the Egyptian market.

SODIC, NUCA Agree to Change Land Use of Al Yosr’s Plot

Sixth of October for Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) have agreed on changing the land use of an agricultural plot, located in Sheikh Zayed and owned by the former's subsidiary, Al Yosr for Projects and Agricultural Development, to residential.

ACUD Says 22 Foreign Embassies Requested Moving to NAC

The Administrative Capital for Urban Development (ACUD) has received 22 requests from foreign embassies in Egypt to acquire lands in the New Administrative Capital (NAC), east Cairo.

ARDIC Uncovers New Phase at Zizinia El Mostakbal

ARDIC for Real Estate Development and Investments launched on July 10 a new phase in Zizinia El Mostakbal in Mostakbal City, east Cairo, totaling nearly EGP 1 bn, in a ceremony held in the presence of a number of real estate marketing firms.

Pyramids Developments Begins Constructing 4th Mall in NAC

Egypt-based Pyramids Developments began on July 10 construction works at its fourth commercial project in the New Administrative Capital (NAC), dubbed "Paris Mall," at an investment value of EGP 2 bn.

Six Provinces to See EGP 113.3 mn Infrastructure Development Projects

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investments amounted at EGP 113.3 mn.

Gov’t to Offer Over 9,834 Housing Units in Port Said, Damietta

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 Appoints Ex-Transport Minister as New CEO

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.

KSA Signs EGP 125 mn Grants to Brace Egyptian SMEs

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).

CIRA Obtains 81-Acre Plot to Build Private University in Nasser City

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.

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