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The Address Investments Eyes EGP 3 bn Sales for Developers in 2019

The Address Investments Real Estate Consultancy targets sales worth EGP 3 bn for developers this year.

MG Developments Launches 1st Kitesurfing Center in Blue Blue El Sokhna

MG Developments, developer of Blue Blue Resort El Sokhna, has announced the launch of the first permanent kitesurfing center in Ain Sokhna, following the period of its experimental operation.

Egypt Logs EGP 35.6 bn Initial Budget Surplus in 9M: Minister

The Egyptian government managed to record an initial budget surplus of EGP 35.6 bn during the first nine months of FY 2018/19.

Heliopolis Housing Gets Approval for Additional Heights at Shorouk Land

Heliopolis Company for Housing and Development (HHD) unveiled on May 8 that it received the approval for additional heights of buildings at its land in El Shorouk City, permitting the developer to build up to seven floors instead of four levels only.

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compound in 6th of October City.

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

Intro Energy Makes Debut with 5 MW Solar Plant in Sharm El Sheikh

Intro Energy, Intro Group’s energy investments subsidiary, alongside co-developer Gila AlTawakol Electric and technical partner Schneider Electric, have inaugurated a 5-megawatt solar power plant in Sharm El Sheikh, marking Intro Energy’s first foray into the renewable energy industry.

About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

Egypt's Cabinet Spokesman Nader Saad said 13 industrial complexes, with approximately 4,500 factories in Alexandria and the Red Sea Governorates.

WB Group Extends Egypt Country Partnership Framework Till 2021

The World Bank (WB) Group announced on April 30 a two-year extension to its 2015-2019 Country Partnership Framework (CPF) with Egypt, ending in 2021, aiming to maintain the momentum on the government’s reform efforts, which are supported under the strategy

Sisi Inaugurates 12 Major Infrastructure Projects in Ismailia

Egyptian President Abdel Fattah El Sisi on May 5 inaugurated 12 mega national projects, connecting Sinai to the Nile Delta, a step which comes under the country’s pursued Sinai Peninsula development project.

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