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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.

Egypt’s Tourism Industry to Upturn in 2019

Colliers International MENA Hotel Forecast for 2019 has uncovered that Egypt's tourism industry will witness a boom this year, forecasting the Red Sea resorts of Hurghada and Sharm El Sheikh to become tourist hot spots in 2019, with anticipated growths of 13% and 12%, respectively, in revenue per available room (RevPAR).

Cairo’s Four Seasons Gets First Electric Car Charging Station

Four Seasons Hotel Cairo at The First Residence, west Cairo, has been named the first hotel in Egypt to install and operate an electric car charging station, which is now fully operational, on the back of the government's efforts in gearing towards a more eco-friendly economy.

Wadi Degla Starts Work on Promenade Maadi

Egypt-based Wadi Degla Developments has commenced work on a new luxurious residential compound dubbed "Promenade Maadi," with investments worth EGP 350 mn.

Oscar Misr Uncovers 3 Projects in New Cairo

Oscar Misr Developments is planning to launch three new projects during the current year in Beit Al Watan housing project, New Cairo, with investments worth EGP 35 mn.

Radisson Hotel Group to Have 6 New Hotels in Egypt     

Radisson Hotel Group (RHG) has signed a deal with its existing business partner Cairo-based Zaghloul Holdings for developing six new hotels in Egypt across a handful of its brands.

Invest-Gate Named France’s MIPIM 2019 Media Partner

Invest-Gate is delighted to announce its media partnership with the 30th edition of France’s leading real estate exhibition MIPIM, which will be held from March 12 to 15 at Palais Des Festivals, Cannes.

Giza General Contracting to Implement 23 Social Housing Buildings

The New Urban Communities Authority (NUCA) has assigned Giza General-Contracting and Real Estate Investment Company to implement 23 buildings, comprising 552 residential units, within the third phase of the state's social housing project behind the airport’s land, west Cairo.

Madbouly Visits New Alamein for Latest Updates

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly revealed on February 9 that 15 41-story residential towers are currently under construction in New Alamein's coastal towers area.

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