News / Egypt

NUCA to Assign Contracts For Six PPP Projects

The New Urban Communities Authority (NUCA) has agreed on assigning contracts for six new projects as part of the second phase of the public private partnership (PPP) projects

EBRD Grants EUR 205 mn Loan to Revamp Cairo Metro Line 1

Egypt has signed a EUR 205 mn loan agreement with the European Bank for Reconstruction and Development (EBRD) to fund the revamping of the Cairo Metro Line 1

El Shahawi Unveils New Hawaiian Project in North Coast

Egypt-based El Shahawi Properties, a subsidiary of El Shahawi Group, announces the launch of its newest Hawaiian destination, Pali, in Egypt’s North Coast

Trial Operation of Sheikh Zayed Garden Begins

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has announced the beginning of the trial operation of the central garden in Sheikh Zayed city before opening it to the people

Castle Development, El Makassa Launch Modern Project in New Capital

Castle Development and El Makassa have unveiled an upscale smart residential compound, Castle Landmark, at the New Administrative Capital

Edge Holding Assigns Sabbour to Supervise OIA

Edge Holding Group and Sabbour Consulting signed a consulting services agreement to provide general consultancy and supervise the implementation of the former company's residential project,﹣OIA, in the New Administrative Capital

Al Futtaim Names Egypt Among Top Investment Destinations

Dubai-based Majid Al Futtaim Holding reveals that Egypt, Saudi Arabia, UAE, and Oman are currently the company’s top investment destinations, amid its plans to steadily expand its presence in the region

Novus Stanza No Longer to Develop Project in New Capital

Egypt’s Administrative Capital for Urban Development (ACUD) announces that Novus Stanza Properties has reportedly withdrawn its offer to develop and establish a residential project in the New Administrative Capital

NUCA to Offer Lands for Young Investors

Prime Minister Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Development, has revealed that the New Urban Communities Authority (NUCA) is going to offer 400 lands for young investors in 14 new cities

1st Phase of Rowaysat To Be Delivered by September 2018

Prime Minister Mostafa Madbouly, who is also the Minister of Housing, Utilities, and Urban Development, has revealed that the first phase of developing Rowaysat in Sharm El Sheikh is being completed

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