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Advertorial: Porto October Clubhouse Offers Best Summertime Memories

Summer has always held a special place in our hearts! To honor the most restful season, with all its positive vibes and childhood nostalgia, Porto Group is now introducing its newest venture, the Porto October Clubhouse.

Rixos Hotels Inks Deal for its Largest Resort on Red Sea

Turkish chain Rixos Hotels has signed an agreement to manage its largest all-inclusive luxury resort on Egypt's Red Sea coast, coming as part of the joint venture partner Accor’s plans to expand its presence in the Middle East

GAFI Tenders 107 Projects in Mit Ghamr Investment Zone

Egypt's General Authority for Investment and Free Zones' (GAFI) board has approved tendering 107 new metallurgy projects in Mit Ghamr Investment Zone, Dakahlia Governorate, providing about 2,000 new job opportunities.

Gov’t Completes 236 Social Housing Buildings in New Aswan

New Aswan has witnessed the finalization of 236 social housing buildings, while 100 others are still underway.

Gov’t Allocates 15,000 Acres for New City in Minya

Egypt's Supreme Council for Planning and Urban Development has approved allocating 15,000 acres for setting up a new city in the Upper Egypt governorate of Minya, dubbed "New Bani Mazar," aiming to develop an urban community that hosts distinct types of residences.

Egypt Draws Final USD 2 bn Tranche of IMF Loan

Egypt has received USD 2 bn from the International Monetary Fund (IMF), drawing the sixth and final tranche of the USD 12 bn, three-year loan program that kicked off back in November 2016

Egypt Invests EGP 1.3 bn in Neediest Villages in FY 2018/19

Deputy Minister of Planning and Administrative Reform Ahmed Kamaly said Egypt has carried out investments worth EGP 1.3 bn in 158 most needy villages during FY 2018/19, benefitting merely 2.5 mn citizens residing in five governorates

Cairo University New Branch to Open in 2020

The new international branch of Cairo University in 6th of October City, west Cairo, is slated for inauguration in the academic year 2020/21

ARDIC Sees Major Structural Reforms

Samir Aref has been named the new chairman of ARDIC for Real Estate Development and Investments' board of directors, whilst Mohamed Dawood was entitled as its vice-chairman, a step coming as part of the company’s structural reforms.

Tatweer Misr Delivers 169 Units in Fouka Bay’s Phase I

Egypt's real estate developer Tatweer Misr is fully handing over this summer phase I of Fouka Bay, its mixed-use project on the North Coast, delivering a total of 169 luxury-finished residential units.

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