Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% by 2021.
Egypt's housing ministry is preparing to release the largest land offerings in new cities within a few days, including residential, service, and commercial plots, while presenting various distinguished apartments and villas nationwide.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on September 1 that 25,440 social housing units have been completed and handed over in October Gardens, west Cairo
The New Urban Communities Authority (NUCA) has inked a cooperation protocol with subsidiaries of Holding Company for Cotton, Spinning, and Weaving on the development of integrated urban projects within two plots owned by the latter on Mahmoudia Axis, Alexandria
Egypt's cabinet approved on September 4 the reallocation of a 23,241.8-acre plot for the New Urban Communities Authority (NUCA) to establish a new fully-fledged urban development in New Port Said.
Egypt will launch an electronic platform for investors to buy industrial plots soon, amid efforts to promote transparency and fair competition within the sector, while promoting and making use of the available land opportunities.
The Egyptian government has decided to set up a legal committee, headed by the chairman of the Council of Ministers, to study the legal implications and determine a mechanism to collect the recently imposed fees on users of coastal beaches
Egypt's real estate development company Palm Hills Developments (PHD) has appointed Mohamed Fahmy as Chief Operating Officer (COO) and an executive member of its board of directors, with immediate effect
Egypt's property developer Inertia is launching the first phase of Seacliff neighborhood in Jefaira, its integrated community on the North Coast.
Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.
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