News / Egypt

Egypt’s Ministers Fly to UAE to Boost Investment

Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu Dhabi on April 27 to follow up on potential UAE partnerships in development and investment projects.

Al-Ahly Real Estate Inaugurates Platinum Club worth EGP 350 M

Al-Ahly for Real Estate Development, an Egyptian-based real estate developer, inaugurated in April its first sport facility, ‘Platinum Club,’ in New Cairo.

Ministry of Interior Presents Security Needs for New Administrative Capital

Moustafa Madbouly, Minister of Housing, Utilities and Urban Development, in cooperation with the Ministry of Interior officials, reviewed the plan for the security needs of the new administrative capital, according to the requirements of the Ministry of Interior.

EMAC Completes 121 Buildings in Egypt’s Low-Income Housing Scheme

EMAC Contracting, an affiliate of Kuwait’s Al Kharafi & Sons Group, concluded the construction of 121 residential buildings for the low-income earners, reported Amwal Al Ghad.

Ministry of Housing Announces New Infrastructure Projects Worth EGP 1.8 B

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, announced that the ministry, represented by the Central Agency for Reconstruction, is preparing for the opening of a number of nationwide projects, at a cost of up to EGP 1.845 billion, to coincide with Sinai Liberation holiday celebrations.

Misr Italia Pumps EGP 28 M of Investments into Mousa Coast

The real estate company Misr Italia has recently pumped EGP 28 million of new investments into the second phase of a commercial center in Mousa Coast, a touristic city located in Ras Sudr.

State Launches New Land Tender in Dar Misr Housing Project

Moustafa Madbouly, Minister of Housing, Utilities and Urban Communities, announced a new land tender conducted through the New Urban Communities Authority in cooperation with the General Authority for Investment. Lands offered are part of the first stage of the Dar Misr project.

Egypt’s Madaar Development to Pump EGP 700 M in its Azha Project

Madaar Development, an Egyptian real estate company, plans to invest EGP 700 million ($78 million) in its Azha compound, located in Ain El Sokhna, reported Amwal Al Ghad.

Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017

The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.

Sama Group to Increase Investments in Egypt’s Real Estate Market

Sama Group for Properties Investment will soon implement three new real estate projects with investments worth EGP 5.5 billion, the group’s chairman Hassan Rateb told Al Mal.

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