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Reservations of Units in New Capital’s R3 Project Starts Soon

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has revealed that the ministry will begin offering phase one of their project R3, located in the New Administrative Capital

Orascom Signs EGP 5.7 bn Contract for Egyptian Wastewater Plant

Egypt’s Housing Ministry signs a contract with Orasqualia, a consortium led by Egypt's Orascom Construction Industries and Spain's Aqualia, to proceed with construction works of Abu Rawash Wastewater Treatment Plant in Egypt, at a cost of nearly EGP 5.7 bn

Drilling Works Begin on Phase III of Cairo Metro Line III

Transport Minister Hisham Arafat launches drilling operations on phase III of the Cairo Metro's heavily-commuted third line, which will extend more than 17 kilometers and comprise 15 stations

Egypt’s Stella Di Mare To Open A New Hotel in Dubai

Stella Di Mare Hotels & Resorts, the hospitality arm of Egyptian Stock Exchange-listed Remco Tourism Villages Construction, lands in Dubai with its first hotel outside of Egypt this year

Egypt to Build Three New Closed Stadiums For Handball World Cup in 2021

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly meets with Minister of Youth and Sports Khaled Abdel Aziz to review the final action plan for building new closed stadiums that will host the Handball World Cup on 2021

EFG Hermes Acquires TMG Holding’s Educational Services For EGP 1 bn

EFG Hermes reveals securing a deal with Egypt's Talaat Moustafa Group Holding (TMG Holding) for the acquisition of a- EGP 1 bn- portfolio of schools in Cairo’s suburbs

Misr Italia Properties Acquires New Land in The New Capital

Misr Italia Properties buys another piece of land at the New Administrative Capital, acquiring 110 acres at the cost of EGP 1.617 bn

Orascom Development Sells EGP 360 mn Stake in Tamweel Group

Orascom Development Egypt (ODE) announces the signing of the final sale contract of all its stake in Tamweel Group for a total equity valuation of EGP 360 mn to a consortium of investors.

Madbouly Pays Construction Sites in 6th of October City A Visit

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly visits the ongoing construction sites in 6th of October City near Ebny Beitak project among others

NUCA Reveals Implementation of 35 Projects in Egypt’s New Cities

The New Urban Communities Authority (NUCA) reveals that its planning and projects sector is progressing around 35 construction, service, and investment projects on a total area of 5,700 acres in 12 new cities to lure investments and open up new horizons for new cities’ development.

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