News / Egypt

375 Decrees Against Construction Violations Imposed, Obour City

Obour City’s apparatus to enforce law against illegally built residential units, shops, and lands

Local Contractors to Execute Governmental District, Administrative Capital

As the Egyptian-Chinese agreement to build the governmental district at the Administrative Capital failed, Egyptian contracting companies set foot into the New Capital to implement the project

Khorshid Inaugurates Investments Complex, Sohag

Minister of Investments Dalia Khorshid inaugurated the new investment services complex in Sohag on February 5

EFCBC to Discuss Construction Challenges in March

Egyptian Federation for Construction & Building Contractors (EFCBC) in collaboration with Excellent Agency is to hold the third “National Projects: Patriotic Vision to the Future” conference held on March 14

New Al Alamein City Developments in Progress

Construction tenders have been launched to build 1,500 social housing units in New Al Alamein City, alongside other in progress developments

EGX Increase Expected in 2017

The Egyptian Stock Exchange (EGX) targets 20,000 points level by the end of 2017 amid the current economic conditions, achieving 60% increase compared to its closing level by the end of 2016

Over 30 Ships Pass through Suez Canal

38 ships carrying total shipments/ cargo of 2.3 mn tons have passed through Suez Canal earlier this week

USTDA Regional Director Meets Darwish

Head of the Suez Canal Economic Zone Ahmed Darwish met with Regional Director of the US Trade & Development Agency (USTDA) Carl Kres to discuss boosting trade and industrial sectors in the Suez Canal Economic Zone, Invest-Gate reports.

Several Development Projects to be Constructed for EGP 14.6 bn

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly announced plans for several development projects in Sinai, Giza, and Upper Egypt at a cost of EGP 14.6 bn through cooperation with the Central Authority for Construction, Invest-Gate reports.

‘Real Estate Investment’ to Join Social Housing Through Investment Companies, Sixth of October City

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly held a meeting with the Chamber of Commerce’s Real Estate Investment department to discuss their involvement in Sixth of October City’s Social Housing project, Invest-Gate reports.

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