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Six Water, Sewage Treatment Plants Underway in Beheria

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar revealed on May 25 that six water and sewage treatment plants are afoot in Beheira Governorate, with costs valued at EGP 1.778 bn.

New Shorter Cairo-Sharm El Sheikh Route to Open Before July

Egyptian Armed Forces Engineering Authority is on the verge to finalize Oyoun Mousa-Sharm El Sheikh Road - a new 340-kilometer tunnel road that will shorten the trip from Cairo to Sharm El Sheikh to four hours - in conjunction with the presidential June 30 celebrations.

Egypt Secures EGP 7.5 mn Grant for Japanese Schools

Egypt and Japan inked on May 30 an EGP 7.5 mn agreement to back the Egypt-Japan School (EJS), bringing the size of cooperation between both countries in the field of education to USD 285 mn (nearly EGP 4.761 bn)

Misr Italia Eyes EGP 5.5 bn Sales in 2019: Co-CEO

Co-CEO of Misr Italia Properties Mohamed El Assal said his company aims to achieve EGP 5.5 bn in sales of its various projects in Egypt during the current year, compared to EGP 4.7 bn in 2018.

CBE to Provide Funding for Middle-Income Mortgages

The Central Bank of Egypt (CBE) will reintroduce subsidized mortgages worth EGP 50 bn for middle-income individuals, thereof, a committee of members from the bank, local banks, and real estate developers will be formed to discuss the specifics of financing.

Bombardier-Led Consortium Ideal Bidder for EUR 3 bn Monorail Project

A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the New Administrative Capital (NAC).

Transport Ministry Links Upper Egypt Main Roads with 8 New Axes

Egypt's transport ministry is implementing a total of eight new major axes on the Nile River in Upper Egypt, aiming to link main roads located on the western and eastern banks of the Nile, with investments worth EGP 11 bn.

CBE Says Egypt’s Foreign Trade Exchange Rose 11.3% in H1 2019

The Central Bank of Egypt (CBE) said on May 23 the volume of Egypt's foreign trade exchange recorded EGP 47.7 bn in the first half of FY 2018/19 versus EGP 42.85 bn in the year-ago period

City Edge Awards Construction Deals to ASGC, Redcon for 2 Projects

City Edge Developments (CED) signed on May 29 contracts with Dubai-based ASGC and general contracting company Redcon Spain to carry out the construction works of ETAPA and ETAPA Square, west Cairo.

Invest-Gate Brings Bab El Ezz Initiative to Real Success

Following its successful real estate industry charitable Sohour "Bab El Ezz," Invest-Gate fulfilled its promises and brought its initiative to support leprosy patients into effect.

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