News / Egypt

Italgen, General Electric Eye Egypt For Development Projects

Italgen, Italian energy generation company, and General Electric Egypt, American multinational conglomerate corporation,  are to work on different development projects in the infrastructure and energy sectors, Invest-Gate reports.

Dar Misr Extends Installment Collection Term

The state-run New Urban Communities Authority extends the term for installment collection in the second phase of the “Dar Misr” units until the date buyers are notified of receiving them, Invest-Gate reports.

Over 1,000 Social Housing Units Underway, Sohag

A total of 1,632 residential units are under construction in a social housing project undertaken by the government in the new city of Akhmeme in Sohag, Upper Egypt, Invest-Gate reports.

First Residence Launches Second Phase of Mangroovy Residence in El-Gouna

Egypt’s real estate developer First Residence for Real Estate Development launches the second phase of the Mangroovy Residence in El-Gouna, the Red Sea, Invest-Gate reports.

Al-Ahly for Real Estate Invests EGP 4 mn in 2017

Egypt’s prominent real estate developer Al-Ahly for Real Estate (Sabbour) is to invest 4 mn EGP in the country’s property market in 2017, Invest-Gate reports.

Construction Projects Under Way in New Sohag City

Egypt's southern city of New Sohag is now carrying out major developmental projects, including a new water station worth EGP 180 mn, commercial markets and other infrastructure projects, Invest-Gate reports.

US Aid Package to Egypt Seeks More Private Sector Participation

US companies plan to pump investments in Egypt and make use of the US aid package to the country to attract more private sector participation in sustainable development, Invest-Gate reports.

Collection of Property Taxes Goes Digital Soon

The government will launch an electronic payment system for the collection of real estate taxes soon, MENA reports.

Gov’t Launches Privileged Social Housing Project in New Cairo

The Egyptian government launches 1,320 residential units as part of its privileged social housing project located in New Cairo, Invest-Gate reports.

High Investor Turnout on Offered Residential Land Plots in Qena, Assiut

Foreign investors are scrambling to buy land plots offered by the government in Nasser City in Assiut and in western Qena City, Invest-Gate reports.

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