Planning Minister Hala El-Saeed said on October 31 that the government is seeking to achieve a growth rate of 10% in the country's GDP by the end of FY 2029/30
Mariout Hills Developments, a subsidiary of Mariout Hills Group, has revealed that the company had injected initial investments worth EGP 500 mn in New Alamein city, intending to expand into new cities in the near future
Egypt-based Orascom Investment Holding, formerly Orascom Telecom Media and Technology Holding (OTMT), said it is looking to acquire 30% of Sarwa Capital’s shares in November, particularly due to the deal's attractive price
Housing and Development Real Estate Investment (HDRIC), one of Housing and Development Bank’s (HDB's) companies, has pumped investments of EGP 700 mn in "Tala" project in 6th of October City, intending to deliver the residential compound by mid-2020
The New Urban Communities Authority (NUCA) announced its initial land offer in the New Mansoura and New Alamein cities as booklets for five sites dedicated to integrated urban activity are offered in both cities to applicants starting from 23 October
Heliopolis Company for Housing and Development announced on October 24 that it will sell around 30 to 100 acres of land plots in the New Heliopolis City project to be used for residential, commercial, and service purposes
UAE-based Thumbay Group seeks to inject investments worth AED 1 bn (roughly EGP 5 bn) via the establishment of a branch of the Gulf Medical University in Egypt
Landmark Sabbour has signed a memorandum of understanding (MoU) with Libyan-based Lakeside for Real Estate and Touristic Investments, a subsidiary of Libyan Foreign Investment Company, to cooperate on a new project in New Cairo with total investments of EGP 10 bn
With a portfolio of 17 properties across Egypt, the leading global hospitality company Hilton has unveiled its ambitious plans to expand in the country and run 25 properties by 2022
Egypt and Germany signed a protocol of economic cooperation worth EUR 129 mn, comprising the implementation of projects over the next four years, while announcing intentions for a new Egyptian-German initiative for the training of vocational and technical education
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