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Hassan Allam Acquires 60% Stake in PGESCo for EGP 421 mn

Hassan Allam Holding has acquired 60% stake in the Power Generation Engineering and Services Company (PGESCo) for EGP 421 mn

Gov’t to Launch Third Phase of PPP Land Tenders in April

The Ministry of Housing is planning to launch the third phase of land tenders for residential projects under public-private partnership (PPP) after announcing the results of the second phase in April

IDA to Offer 3 mn Square Meter of Lands in Sadat City

The Industrial Development Authority (IDA) is planning to offer a total of 3-mn-square-meter land plots in Sadat City for small- and medium-sized enterprises (SMEs) in June

Slum Development Fund to Establish Public Libraries in Developed Slums

The Executive Director of the Slum Development Fund Khaled Siddik has met Riad Radwan, general director of Egypt’s public libraries, to develop a vision for the intellectual development of Egyptians in the slums areas and establish a public library

192 Units to be Delivered in Sheikh Zayed As Part Of Dar Misr Project

Minister of Housing Mostafa Madbouly announced that the Sheikh Zayed City Authority will begin on April 22 the delivery of 192 housing units, 8 residential building, in the second phase of the middle-income project Dar Misr

Gov’t Announces Implementation of New Touristic Project at New Aswan City

The 181-acre phase is located at the city’s front, overlooking the Nile.   The project includes two residential areas of 19 and 14 acres with 81 and 66 villas, respectively.

Egypt to Develop 22500 Acres in South Sinai for Tourism

Egypt is planning to develop 22,500-acres in Tur Sinai,  Minister of Housing Mostafa Madbouly announced on Thursday during his meeting with Minister of Tourism Rania Al-Mashat and the head of Tourism Development Authority (TDA)  to discuss projects included in the recently-announced Sinai Development Strategy

Cityscape: Attractive Payment Terms For Residential & Vacation Properties

Cityscape Egypt's seventh edition of Cityscape Egypt closes its doors with special promotions on a multitude of properties. Cityscape Egypt took place from March 28-31.

UPP Capital Investment Acquires 5.55% Stake in Egypt’s Palm Hills Development

UAE-based UPP Capital Investment, the investment arm of Union Properties, has acquired 5.55% stake of the total shares of Egypt’s Palm Hills Development (PHD), at a total cost of EGP 525.3 mn, averagely EGP 4.1 per share

Alex Port-led Joint Venture to Set Up a USD 450-500 mn Multipurpose Facility

The Alexandria Port Authority (APA) has formed a joint venture with the Suez Canal Economic Zone (SCZone) and the Land Maritime Transport Holding Company to set up a USD 450-500 mn multipurpose facility at the Alexandria Port

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