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No Disputes With China’s CSCEC Over NAC’s Towers Project: Housing Ministry

The Egyptian Housing Ministry has disclaimed news published on Al Shorouk newspaper concerning some disputes with the ministry and China State Construction Engineering (CSCE) over the New Administrative Capital's (NAC) skyscrapers project, confirming that work on site is progressing according to the set timetable

Real Estate Tax Law to be Issued Within 1 M: Official

Head of Parliament's Housing Committee Alaa Waly officially stated to Invest-Gate that Egypt's real estate tax law has been approved and will be issued within a month.

SODIC Sponsors Tawasol at Milan’s Handicraft Exhibition

Sixth of October Development and Investment Company (SODIC) sponsored El Tawasol Charitable Association during its participation in Milan’s L'Artigiano in Fiera, the world’s largest handicraft exhibition, held from December 1 to 9

City Edge to Invest EGP 1 bn in Sheikh Zayed’s Etapa in 2019

City Edge Developments CEO Amr El Kady says his company intends to pump EGP 1 bn investments in Sheikh Zayed's Etapa project in west Cairo next year

Marseilia Group, Amlak Finance Ink MoU for Urban Project in Nasr City

Marseilia Real Estate Investment Group has signed a memorandum of understanding (MoU) with UAE's Amlak Finance to develop a new urban project in Nasr City

Exclusive: Africa’s Highest Skyscraper in NAC to be Managed by Raffles

Deputy Minister of Housing for National Projects Khaled Abbas has exclusively revealed to Invest-Gate that the ministry will soon announce its partnership with leading global hospitality company Raffles, which will manage Africa's highest skyscraper in the New Administrative Capital (NAC)

NUCA to Terminate Deal With New Alamein Contractor

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has requested the New Urban Communities Authority (NUCA) to terminate a deal with one of the contractors implementing projects in New Alamein, due to its failure to adhere to the set timetables and quality of implementation

Egyptian Expats’ Remittances Rise 8% in 10 M

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, rose 8% YoY during the first ten months of 2018 to reach USD 21.4 bn, up from USD 19.8 bn in the corresponding period of 2017

MBG Mulls Building Medical Center in NAC: Chairman

Chairman of MBG Development Mahmoud Al Adl unveils developer intends to launch an international medical center in the New Administrative Capital (NAC), expecting to reach an agreement with the Administrative Capital for Urban Development (ACUD) before year-end

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

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