News / Egypt

HAH, Abdul Latif Jameel to Develop Water Projects in Egypt

Cairo-based Hassan Allam Holding (HAH) has formed a joint venture (JV) with Abdul Latif Jameel Energy to provide upstream solutions form municipal and industrial clients, including water and wastewater management.

MG Developments to Implement HQ Project in New Cairo

MG Developments started the construction of its HQ project in the first sector on 90 Road in New Cairo's Fifth Settlement, east Cairo.

Delegation of Egyptian Businessmen Discuss Bilateral Investment Ties with KSA

A delegation of Egyptian businessmen met on April 8 with the Saudi Housing Minister Majed bin Abdullah Al-Hogail to discuss future investments in real estate.

El Gazzar Announces Winners of Lands in Badr City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced winners of lotteries for distinguished lands in Badr City.

Housing Ministry to Establish 1.1 mn Residential Units in 5 Yrs: Official

Khaled Abbas, deputy minister of housing, utilities, and urban communities for national projects, has stated that the ministry is planning to establish 1.1 mn residential units during the upcoming five years.

Hassan Allam Properties Releases The IRIS Apartments in SwanLake Residences New Cairo

Egypt's real estate developer Hassan Allam Properties (HAP) has launched its signature, most luxurious residential apartment buildings sub-project, The IRIS, in its integrated mixed-use development SwanLake Residences New Cairo.

DEGAROUTE Wins New Road Project in Egypt

DEGAROUTE, one of the world’s leading companies in specialty chemicals, was awarded a new project in Egypt to develop 500 kilometers of Cairo-Sharm El Sheikh highway in both directions

Net Foreign Reserves Rise to USD 44.11 bn by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves rose to USD 44.11 bn by the end of March, compared to USD 44.06 bn in the month-ago period.

Marakez Acquires Land Plot in Mansoura for New Mall

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has acquired a 47-acre land plot from the Internal Trade Development Authority (ITDA) in Mansoura city to develop a new internationally modeled commercial mall.

Egypt’s Debt to Drop to 74% of GDP by FY 2022/23: IMF

The International Monetary Fund (IMF) said on April 6 that Egypt's total public debt is expected to continue shrinking to nearly 74% of the gross domestic product (GDP) by 2022/23, on the back of the implementation of its economic reform program.

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