News / Egypt

Cabinet to Relocate to New Capital Within 18 Months

The cabinet’s headquarters along with the presidential headquarters and the parliament will be relocated to the New Administrative Capital within 18 months

Egypt’s Sisi Visits Galala Mountain for Latest Developments

The new city will include a new road linking Ain Sokhna to Zaafarana through Galala Mountain, a touristic resort, a hospital specialized for medical tourism, and a corniche walkway

Egypt’s USD 1.1 bn Cement Plant to Operate Within Days

A USD 1.1 bn cement plant with six production lines in the Egyptian city of Beni Suef will start operations within days, Reuters quoted officials as saying on January 31

EGP 9 bn Invested in Housing Projects in New Cairo: Gov’t

Minister of Housing, Utilities and Urban Communities, Mostafa Madbouly, reviews the latest updates on residential units in the housing projects of Dar Misr and Sakan Misr in New Cairo, Invest-Gate reports

Marsa Matrouh to See “Disneyland-Like” Park Worth USD 3.3 bn

The first agreement stipulates the establishment of “an integrated entertainment city, similar to Disneyland, across 5,080 acres with total investments of EGP 58.24 bn (USD 3.3 bn)

Egypt Announces USD 120 mn Industrial Zone in Addis Ababa

Egyptian Ambassador to Addis Ababa Abu Bakr Hefny has unveiled a number of projects Egypt is implementing in Ethiopia

City Edge Developments Kicks off with Two Projects

A new company under the name of City Edge Developments was launched on 30 January

Gov’t Starts Constructing 5,000 Units in New Al-Alamein City

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly has checked up on a number of projects in New Al-Alamein City

Egypt’s Parliament Approves Bankruptcy Law

Egypt’s House of Representatives gave its final approval to the new bankruptcy law on Sunday, December 28, in a plenary session attended by Minister of Investment and International Cooperation Sahar Nasr

Egypt Signs Final USD 500 mn Tranche of AfDB Budget Support Loan

Egypt signed the third, and final, USD 500 mn tranche of a USD 1.5 bn budget support loan package from the African Development Bank (AfDB)

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