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Edge Holding Posts EGP 500 mn Sales of OIA Compound in H1

Edge Holding for Urban Development reported EGP 500 mn sales of its residential project in the New Administrative Capital (NAC), OIA, in H1 2019, bringing the compound's total sales to EGP 1.67 bn

New Plan Begins Constructing Serrano Project in NAC

New Plan Developments has begun constructing its very first project in the New Administrative Capital (NAC), Serrano - an integrated residential compound to be developed with investments valued at EGP 1.5 bn

Alexandria’s Mahmoudia Axis Gears to Inaugurate Mid-2019

Alexandria's Mahmoudia Axis, one of the most important national projects undertaken by the Armed Forces Engineering Authority, is in preparation for its opening in mid-2019

Egypt, Bulgaria Ink MoU to Boost Tourism Cooperation

Egypt's Tourism Minister Rania Al Mashaat has signed a memorandum of understanding (MoU) with her Bulgarian counterpart Nikolina Angelkova on boosting bilateral relations in a way that contributes to the economic development of both countries, while promoting their tourism sectors.

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).

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