News / Egypt

Egypt’s ECG: Works Will Go On In Qatar Despite Rift

Egypt-based Engineering Consultants Group (ECG) is committed to continuing its works in Qatar despite Cairo’s recent decision to break off relations with Doha, Reuters reports.

Gov’t to Submit Draft Investment Regulations Within A Month

Egypt's ministry of investment will submit draft regulations for a newly passed investment law to the cabinet within a month, Invest-Gate reports.

Sewage Projects Worth EGP 170 mn Completed in Damietta

Minister of Housing and Urban Development Mostafa Madbouly is announcing the completion of sewage lifting stations and expulsion lines in eight villages in Damietta, Invest-Gate reports.

Heliopolis Housing Mulls Partnership for New Project

Egyptian construction company Heliopolis Company for Housing and Development is considering partnership with major companies operating in the field of development and real estate to utilise a plot of land spanning 193 feddans, Invest-Gate reports.

Palm Hills Launches New Sales in Palm Valley Mall, Palm Central

Egyptian real estate developer Palm Hills Developments (PHD) is launching new sales and reservations in Palm Valley Mall and Palm Central in West Cairo, Invest-Gate reports.

Heliopolis Housing Board Nods to Financial Lease Worth EGP 100 mn

Egyptian construction company Heliopolis Company for Housing and Development’s BoD gave the go-ahead to a financial lease worth EGP 100 mn with Global Leasing Company (GLC), Invest-Gate reports.

Egypt Imposes Tariffs on Chinese, Turkish, Ukrainian Steel

The Egyptian Trade and Industry Ministry is imposing temporary import tariffs on steel from China, Turkey and Ukraine, Invest-Gate reports.

Remco to Sell All Stella Heights Units Before Year-end

Remco Tourism Villages Construction is to finish marketing all units of the Stella Heights project by the year’s end, Invest-Gate reports.

Gov’t Removes Land Violations in El Shorouk, 6 Cities

Minister of Housing and Urban Development Mostafa Madbouly issued 11 decisions to remove violations on 45 residential units in El Shorouk City and 2,683 feddans in six new cities, Invest-Gate reports.

El-Saeed Contracting Shareholders Approve Capital Hike

Egypt’s El-Saeed Contracting and Real Estate Investment Company is to raise the issued and paid-up capital to EGP 709.65 mn from EGP 665.297 mn, Invest-Gate reports.

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