News / Egypt

FY2017/18 Plan for New Cities 100% Completed: NUCA

The FY2017/18 development plan for new cities is 100% completed as of December 30, 2017

Gov’t Implements 5,256 Units in New Minya

A total of 5,256 social housing units are being implemented in New Minya, as part of the state's efforts to accommodate Egypt's growing population.

Hassan Allam Properties to Co-Develop Project in Mostakbal City

Egyptian developer Hassan Allam Properties (HAP) has partnered with El Mostakbal for Urban Development to co-develop 250-acre mixed-use project in Mostakbal City

Foreign Contributions to Egypt’s Bourse Reaches USD 414 mn in 2017

Net foreign contributions to the Egyptian stock market has reached EGP 7.4 bn (USD 414 mn) this year

MNHD Pre-Sales Up 46% in 2017

Egyptian real estate developer Madinet Nasr Housing and Development (MNHD) says its pre-sales rose in 2017 by 46% year-on-year

Housing Ministry Receives 36 Offers for 13 Plots Via PPP

The Housing Ministry has received 36 offers from leading companies to get land plots for investment-purposes

Gov’t Invites Companies to Prequalify for Ain Sokhna-El Alamein Railway Line

The Housing and Transport Ministries have invited Egyptian and international companies to apply for pre-qualification for a railway line that connects the Red Sea’s Ain Sokhna with the Mediterranean’s New El-Alamein City

El Sisi Inaugurates Tunnel, Bridge at East Suez Canal Development Zone

Egyptian President Abdel-Fattah El-Sisi inaugurated on December 23 a number of development projects in the East Suez Canal development zone

IMF Approves USD 2 bn Loan Installment for Egypt

The International Monetary Fund (IMF) has approved the third installment of a USD 12 bn, three-year loan for Egypt

Al Ezz Dekheila Profits Rise in Q3

Al Ezz Dekheila Steel Company - Alexandria posted higher profits year-on-year in the third quarter which ended on September 30, 2017

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