Primer Minister Mostafa Madbouly has mandated the swift finalization of a draft law to establish the "Egyptian Federation for Real Estate Developers," which aims to regulate property development, ahead of its presentation to the cabinet for approval.
Egypt's real estate developer Palm Hills Developments (PHD) signed on September 10 a service agreement with Julius Berger International GmbH (JBI) for project management of Badya in 6th of October City, west Cairo.
Porto Group celebrated on September 7 the official launch of Golf Porto Cairo, its latest project in Mostakbal City, east Cairo.
West Assiut's Nasser City will witness the finalization of 1,584 social housing units, together with 1,440 apartments in the city’s Sakan Misr medium-income project, by next December
Multidisciplinary design consultancy Khatib & Alami (K&A) has been named the lead government transaction advisor on the construction, financing, and operations of the planned USD 4.5 bn monorail project, linking east and west Cairo.
The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.
Prime Minister Mostafa Madbouly inaugurated on September 7 the Investor Service Center (ISC) in Minya, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.
Pyramids Developments has unveiled Paris East Mall, its fifth commercial project in the New Administrative Capital (NAC), with sales exceeding EGP 1.5 bn in less than 48 hours.
West Cairo's New October City and October Gardens will shortly have a total of 147,680 social housing units completed, as part of the state's social housing project, which aims to provide adequate, affordable homes.
Minya's 24-kilometer-long Samalout Axis, which entails establishing 30 bridges and 17 tunnels, and is part of seven axes being carried out over the Nile River at a total cost of EGP 9.5 bn, is set to be finalized by year-end.
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