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GAFI Plans to Establish 12 Free Zones Across Egypt

The General Authority for Investment and Free Zones (GAFI) is currently studying the establishment of 12 new investment zones in a number of governorates in Egypt

Madbouly Maps Out Priority Areas for Development in Egypt

Prime Minister Mostafa Madbouly Cabinet issued a decision that maps out priority areas in Upper Egypt that are in need of the Upper Egypt Development Authority’s attention

Gov’t, Developers Prep to Hit MIPIM 2019

Under the brand vision of "Building a Sustainable Future Together," Egypt's Ministry of Housing, Utilities, and Urban Communities is set to participate as an exhibition curator in France’s leading real estate event MIPIM, which will take place from March 12 to 15 at Palais Des Festivals, Cannes.

Cabinet Allocates Land to Establish Ras Sudr Airport

Egypt's cabinet has approved the president's draft resolution to reallocate a state-owned land plot for the development of an international airport in Ras Sudr, South Sinai.

Arkan Launches Jessy Hills Compound in West Cairo

Cairo-based Arkan Developers said it will launch Jessy Hills project in 6th of October City, west Cairo, during the current year, with a total of 220 units at an estimated investment cost of EGP 250 mn.

Pyramids Developments to Soon Launch 2 Projects in North Coast, New Alamein

Egypt-based Pyramids Developments plans to launch two tourism projects on the North Coast and New Alamein during the second half of 2019.

Construction Firms Currently Implement EGP 2 trn Projects: Official

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said Egypt-based construction companies are currently implementing 11,000 projects worth nearly EGP 2 trn.

Gov’t Provided EGP 14 bn Mortgage Finance Till June-End 2018: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said EGP 14 bn worth of mortgage finance support has been provided till the end of June 2018, while the value of financial support to beneficiaries of the social housing project amounted to approximately EGP 2.6 bn.

TAMEER Sees 64% Rise in 2018 Consolidated Sales, Profits

Egypt's real estate development and investment company TAMEER achieved a growth rate of 64% in its consolidated sales and profits to total EGP 742 mn for 2018, compared to EGP 453 mn in 2017.

Lafarge Egypt Chosen Cement Supplier to CSCEC’s Projects in NAC

Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the China State Construction Engineering Corporation (CSCEC) to be the sole cement supplier for the latter's projects being implemented at the Central Business District (CBD) in the New Administrative Capital (NAC).

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