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Remco Achieves EGP 3 bn Sales From 2 Projects in East Cairo

Egypt-based Remco for Tourism Villages Construction has uncovered that sales of two of its newest projects in east Cairo have generated a total of EGP 3 bn so far.

RFCO Launches 3rd Phase of NAC’s IL Mondo Compound

Ramy Fares Company for Construction Development (RFCO) has announced the launch of the third phase of its project, IL Mondo, New Administrative Capital (NAC), with expected sales surpassing EGP 2 bn

Invest-Gate’s “Branded Residences & Hotel Apartments” Roundtable Stands Significant

Branded Residences & Hotel Apartments Roundtable held by Invest-Gate gains significance among developers in Egypt, claiming its products as necessary for the Egyptian market.

Egyptian Expats’ Remittances Up 5.7% in 11 M: CBE

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, hiked by 5.7% - or USD 1.2 bn - in the first 11 months of 2018 to USD 23.3 bn.

Marseilia Group Eyes New Joint Project in NAC

Egypt's Marseilia Real Estate Investment Group is intending to sign a deal for a joint project with one of the urban development companies at the New Administrative Capital (NAC), aiming to develop a land area with one of the dedicated companies.

Tatweer Misr, Schneider Electric Ink MoU for 3 Projects

Egypt's real estate developer Tatweer Misr has signed a memorandum of understanding (MoU) with Schneider Electric Egypt on building and designing smart city facilities within three of its residential projects across Egypt.

Parliament Preliminary Approves Draft Law on Reconciliation in Building Violations

Egyptian parliament’s General Committee gave preliminary approval for the draft law on reconciliation in building violations on January 25, which is expected to provide the government with about EGP 150 bn when issued.

EU Allocates EUR 3.1 mn to Transform Egyptian Museum of Cairo

The European Union (EU) has launched a three-year project valued at EUR 3.1 mn for the transformation of the Egyptian Museum of Cairo (EMC), west Cairo, as part of EU's efforts and continuous process of building a sense of community and strengthening the civil society.

Lazard to Promote Egypt’s Investment Opportunities Worldwide

Ministry of Investment and International Cooperation has inked an agreement with financial advisory firm Lazard to promote investment opportunities in Egypt worldwide, on the sidelines of the World Economic Forum Annual Meeting 2019 in Davos, Switzerland, and in the attendance of Egypt's Prime Minister Mostafa Madbouly.

Sphinx Int’l Airport Witnesses First Run of Domestic Flights

Ministers of Civil Aviation and Tourism witnessed the experimental operation of domestic flights for the first time from Sphinx International Airport, west Cairo, which began on January 25 and set to last until February 9, in a bid to boost the country's tourism.

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