News / Egypt

Gov’t to Provide Export Incentives for Construction Sector: Official

Khaled Abbas, deputy minister of housing for national projects, said that the housing ministry is currently seeking to provide export incentives to support the construction sector.

Egypt Targets Increasing Urban Areas to 12%: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that Egypt’s strategic plan targets increasing its urban areas to 12%, adding that the government is planning to develop all cities across the country.

Egypt’s Annual Headline Inflation Up to 12.7% in January

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.

Ökoplan to Develop Master Plan of 700-Acre Project in New Alamein

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.

Assem El Gazzar Appointed Housing Minister

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 Finalizes 90% of NAC’s Parliament Building

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.

New Plan Developments to Start Work on NAC’s Serrano Soon

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.

OUD Eyes Developing 2nd Residential Project in NAC

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.

New Aswan Sees EGP 2 bn Investments Until Mid-2018: Official

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.

Real Estate Tax Law Will Soon be Finalized: Finance Ministry

The Ministry of Finance announced on February 10 that the proposed amendments to the current real estate tax law will soon be finalized.

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