News / Egypt

Gov’t Prepares for Largest Offering of Lands, Units

Units will be offered in Dar Misr and Sakan Misr housing projects in New Al-Alamein, New Mansoura, and the extension of Sheikh Zayed, in addition to a number of villas in New Mansoura

Egypt, AfDB Ink USD 150 mn Deal to Revamp Abu Rawash Wastewater Plant

Egypt and the African Development Bank Group (AfDB) signed a USD 150 mn agreement on Tuesday to boost the efficiency of the Abu Rawash wastewater treatment plant

Egypt to Set Up Industrial Complex Worth EGP 1.5 bn at ScZone

Set to span over an area of 1 mn sqm, the complex will house 1,050 factories. Each factory will be equipped with machinery, and built on an area of 300 sqm

Egypt Foreign Currency Inflows Up to USD 5.6 bn in January – CBE

The country’s foreign reserves reached USD 38.209 bn at the end of January 2018, compared to USD 37.019 bn at the end of December 2017

Gov’t to Develop Slums in 8 Cities with EGP 6.7 mn Investments

Under the annexes, action plans will be proposed for the development of 32 informal settlements in 8 cities including Aswan, Sohag, and Assiut

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

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