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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.

ITDA Extends 8 Plots to Build Commercial, Logistics Hubs

Egyptian Ministry of Supply and Internal Trade, represented by the Internal Trade Development Authority (ITDA), has signed eight partnership contracts with private investors and developers to establish logistics and commercial hubs in eight different provinces.

Cabinet Issues Regulations on Reconciliation in Building Violations

Prime Minister Moustafa Madbouly has issued the executive regulations for a temporary bill to settle building code violations, aiming to take into account the social dimension and public interest, while reconciling with violators and legalizing the status of their properties

Capital Int’l Airport Witnesses Pilot Operation

Pilot operation of Capital International Airport, located in the New Administrative Capital (NAC), east Cairo, commenced on July 9, which was primarily built to help promote tourism and ease the load on Cairo International Airport (CAI).

ODE Sells 51% Stake in Oberoi Zahra

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has sold its 51% equity stake in Oberoi Zahra, a luxury Nile cruise, to a private Egyptian investor for USD 4 mn.

June Annual Headline Inflation Hits Lowest Level in 3 Yrs

The Central Agency for Public Mobilization and Statistics (CAPMAS) has indicated that Egypt's annual headline inflation has plummeted to 9.4% in June from 14.1% a month earlier for the first time in 2019 and the lowest since March 2016

New Tiba Wins ISO Certificate for Projects’ Quality

QAS International, one of the leading accreditation bodies, has awarded the New Tiba Development Authority with the International Management System Certification (ISO 45001), in recognition of its intense efforts and the implementation of high-quality projects within the new city.

Abdullah Al-Othaim Introduces 1st Snow City in Egypt

KSA-based Abdullah Al-Othaim Leisure and Tourism Company has introduced its very first snow city concept at City Stars Mall, east Cairo, with investments estimated at EGP 500 mn, allowing visitors to "live-in" a snow milieu all-year-round.

Marakez Uncovers 2nd Mall in Delta Region

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has officially acquired a plot from the Internal Trade Development Authority (ITDA) to build Mansoura's first regional internationally-modeled shopping complex, Mall of Mansoura.

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