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Misr Italia Launches IL BOSCO City with EGP 22 bn Investments

Misr Italia Properties (MIP) has announced the launch of its newest residential project in Mostakbal City, IL BOSCO City, with investments worth EGP 22 bn.

Assiut Plateau is 96% Completed: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has noted that construction work is on the verge to finish at Assiut Plateau road project, situated in western Assiut governorate, with implementation rate reaching 96% up to date.

City Edge Developments Launches 2 Projects in New Alamein

Egypt’s real estate developer City Edge Developments has announced the launch of two new residential projects, The Gate and Mazarine, in New Alamein, North Coast.

NUCA Offers Booklets for 538 Units in NAC: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced offering reservation booklets for 538 luxury residential units in the New Administrative Capital's (NAC) R3 district as of July 1.

ACUD Denies Lands Withdrawal in New Capital

The Administrative Capital For Urban Development (ACUD) has officially denied news published on July 2 that it has sent out notifications of its intentions to withdraw lands in the New Administrative Capital (NAC) from 17 real estate companies.

ITFC Provides USD 1.13 bn Trade Financing to Egypt

The International Islamic Trade Finance Corporation (ITFC) celebrated on July 1 the successful implementation of USD 1.13 bn of trade financing in favor of Egypt.

Germany’s Decision to Lift Travel Ban on Taba to Benefit ODH Project

Orascom Development Holding (ODH) said the German Ministry of Foreign Affairs' decision to remove its travel ban restrictions from Germany to Taba International Airport will push more flights to its integrated project there, Taba Heights.

Property Finder Expects Changes in Online Buyer Behavior

Property Finder, a real estate digital marketing platform, announced a number of expected variables that will drive more users of electronic platforms, who buy residential units, stimulating their dealings and purchasing preferences.

Elsewedy Electric to Get EUR 41.7 mn Loan From NBG

​Elsewedy Electric, an energy and infrastructure solution provider, will get from National Bank of Greece (NBG) a bilateral bond loan up to EUR 41.745 mn (EGP 783.026 mn) to finance the former's acquisition of renewable energy projects in Greece.

Ras Ghareb’s 250 MW Windfarm Supplies Power to Grid: Orascom

Orascom Construction announced that the 250-megawatt wind farm at Ras Ghareb, the second-largest city in Red Sea Governorate, has successfully managed to deliver power to the grid.

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