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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.

ARDIC to Launch Residential Project in Upper Egypt in H2 2019

Egypt-based ARDIC Real Estate Development and Investments is planning to launch the first phase of its residential project in Minya Governorate during the second half of this year.

Better Home’s 4th NAC Project Witnesses High Demand

Egypt's real estate developer Better Home Group has recently launched the first phase of its fourth project in the New Administrative Capital (NAC), MidTown SKY.

Over 9,000 Factories Licensed in H1 2018/19: Minister

About 9,972 Egypt-based factories had received constructing and operating licenses, and temporary operating permits (TOPs), based on the latest report Minister of Trade and Industry Amr Nassar has received on the performance indicators of the Industrial Development Authority (IDA) for H1 of FY 2018/19.

Three Consortiums Vie to Develop Dry Port in West Cairo

The Egyptian finance ministry has revealed that three international consortiums are competing to win a contract for the construction of a dry port, west Cairo, with investments expected to exceed USD 100 mn.

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