Housing Ministry Finalizes 100 Water Projects across Egypt

• Thursday, 26th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, Urban Communities has finalized 100 rural sanitation and water projects to serve around 53,000 residential units across 18 governorates, Invest-Gate reports.

Cairo University to Renovate Three Slum Areas in Giza

• Thursday, 26th January 2017
• by Yasmin El-Beih

Cairo University will renovate three slum areas in the Giza governorate in an effort to support residents in these areas and offer public services as per the approval of University Dean Gaber Nassar, Invest-Gate reports.

EFSA Issues First Egyptian Standards for Buildings’ Financial Evaluation

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The ِEgyptian Financial Supervisory Authority (EFSA) issued the first Egyptian standards for the financial evaluation of buildings on January 24.

Plans for New Mansoura City as a Coastal City Ongoing

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, and New Urban Communities plans to execute developments in New Mansoura City located in the Dakhlia governorate, Invest-Gate reports.

Sadat City to Develop EGP 210 mn Water Waste Management Projects

• Tuesday, 24th January 2017
• by Yasmin El-Beih

Sadat City will construct facilities and water projects to conserve water wastes in the upcoming period at a total investment cost of EGP 210 mn following NUCA’s approval, Al Mal reports.

Specification Drafts for Offered Lands Available as of January 31

• Tuesday, 24th January 2017
• by Yasmin El-Beih

New Urban Communities Authority is to make booklets conditions an specification booklets for offered lands across 10 cities available as of January 31

SCZone Aims for World’s Best 7 Investment Destinations in 2035

• Tuesday, 24th January 2017
• by Yasmin El-Beih

The General Authority for Suez Canal Economic Zone (SCZone) is targeting to become one the best seven investment destination in 2035 worldwide by making use of facilities, customs tax exemptions, and other measures that make it a competitive economic destination, Invest-Gate reports.

Ministry of Investment Displeased on Egypt’s 2017’s WEF IDI Ran

• Tuesday, 24th January 2017
• by Yasmin El-Beih

Egypt was ranked 73rd out of 79 developing economies in the World Economic Forum’s Inclusive Growth Development Index (IDI) for 2017 released on January 23, which was later met with backlash by the Ministry of Investment.

Works on Third Metro Line to be Finalized Soon

• Tuesday, 24th January 2017
• by Yasmin El-Beih

The Minister of Transportation is following up this week on updates to the fourth phase of the Haroun–Nozha metro line, Invest-Gate reports.

Head of Dreamland Group Loses His Assets to Egyptian Banks

• Monday, 23rd January 2017
• by Farah Montasser

Head of Dreamland Group, Ahmed Bahgat, has been ruled by the court to pay a total of EGP 600 mn to Banque Misr and National Bank of Egypt (NBE) as well as selling the group’s assets