The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a rise in Egypt's annual headline inflation rate to 12.7% in January 2019 from 12% in December 2018.
Egypt-based Ökoplan Engineering Consultations is planning to develop the master plan of a new 700-acre plot of land owned by the New Urban Communities Authority (NUCA) in New Alamein.
Dr. Assem El-Gazzar was sworn in as the Minister of Housing, Utilities, and Urban Development on February 13 to succeed Mostafa Madbouly, the current prime minister.
Arab Contractors' Chairman Mohsen Salah has revealed that 90% of the concrete works at the New Administrative Capital's (NAC) parliament building, located in the new city's government district, has been completed.
Egypt's New Plan Developments has revealed that it will intensively commence works at its New Administrative Capital (NAC) residential project, Serrano, within the coming weeks.
Orientals for Urban Development (OUD), an affiliate to Egypt-based Oriental Weavers, is studying the acquisition of a 45-acre land plot in the New Administrative Capital (NAC) to mark its second residential project in the new city.
Ahmed Rashad, head of New Aswan City Authority, said that investments worth roughly EGP 2 bn have been injected into the new city until June 30, 2018.
The Ministry of Finance announced on February 10 that the proposed amendments to the current real estate tax law will soon be finalized.
Egypt-based ARDIC Real Estate Development and Investments is planning to launch the first phase of its residential project in Minya Governorate during the second half of this year.
Egypt's real estate developer Better Home Group has recently launched the first phase of its fourth project in the New Administrative Capital (NAC), MidTown SKY.
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