News / Egypt

Royal Gate to Invest EGP 150 mn in 2018

Royal Gate for Housing Development plans to invest EGP 150 mn in 2018 to develop new real estate projects in Al Shorouk and New Cairo Cities

Egypt’s Housing Ministry Sets Up “Sheikh Zayed Youth Street” Project

Housing Minister Mostafa Madbouly has announced his ministry’s plan to set up the "Sheikh Zayed Youth Street" project, one of the ministry’s development projects in the satellite city of Sheikh Zayed

Housing Units Under Construction for Residents of Unsafe Areas in South Sinai

The Slum Development Fund (SDF), affiliated with the ministry of housing, has nearly completed building 496 housing units in Sharm El Sheikh’s Ruwaisat area and has started to establish 624 others, as a second phase of the area’s development project

Hilton Expands in Egypt With New Hotels

The leading global hospitality company Hilton continues its growth and development in Egypt with the opening of a new hotel, the Hilton Cairo Heliopolis

Gov’t to Deliver New Units in Dar Misr Phase 1

Egypt’s Ministry of Housing will start on February 25 delivering 10 residential buildings in the first phase of Dar Misr housing project in Obour City

Central Bank of Egypt cuts interest rates by 100 basis points

Egypt cut interest rates by 100 basis points for the first time since the currency floatation back in November 2016, Egypt’s Central Bank (CBE) said on Thursday

Egypt Launches Its First Electric Vehicle Charging Station

Egypt launched its first electric vehicle (EV) charging unit by the Revolta Egypt Company in the presence of the Egyptian Minister of Trade and Industry Tarek Kabil

Egypt Welcomes Largest British Trade Delegation in Two Decades

Egypt has received the largest British trade delegation to Egypt in nearly two decades for a five-day visit, concentrating on oil, gas, transportation, education, infrastructure, and health

Egyptian Developer Hassan Allam Properties Acquires 600 Acres in the North Coast

Hassan Allam Properties announced their acquisition of 600 acres in a prime land plot in the North Coast expanding their Mediterranean coastline foot-print in continuous rivalry with any world-class destination

Investments Increase by 20.8% in January 2018

Investments have increased by 20.8% to reach EGP 5.2 bn last month in Egypt

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