Gov’t District of NAC Almost Complete: PM

Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches b ...

InterContinental Eyes Tunisia Debut, Expansion in Egypt

InterContinental Hotels Group (IHG), one of the world's leading hotel companies, is planning to further expand its presence in Egypt and set foot into Tunisia as tourism in both North African countries recovers.

UAE to Double Investments in Egypt Over 5 Yrs

The UAE International Investors Council (UAEIIC) plans to double the country's investments in Egypt to USD 14 bn (EGP 225.67 bn) over the next five years, in light of the country's promising investment climate.

Etisalat to Provide Smart Control Systems at NAC

Etisalat Misr has been awarded a contract by the Administrative Capital for Urban Development (ACUD) for supplying, operating, and maintaining management control systems (MCSs) at the New Administrative Capital (N ...

DP World Sokhna to Facilitate Logistics for Egypt’s NAC

DP World Sokhna has inked a trilateral partnership with the China State Construction Engineering Corporation (CSCEC) and the China Ocean Shipping Company (COSCO) to become the main import terminal of Egypt’s New A ...

Cornerstone Makes Debut with 1st Project in NAC

Egypt’s property developer Cornerstone Development has made debut with its first project in the Egyptian real estate market, "The Curve," located in the New Administrative Capital (NAC).

NAC’s Castle Landmark Sees EGP 100 mn Before Year-End

Egypt-based Castle Development has allocated about EGP 100 mn to complete 15% of construction works at phase I of Castle Landmark in the New Administrative Capital (NAC) before year-end

Egypt to Tender 182 Plots for SOEs Restructure

Minister of Public Enterprise Sector Hisham Tawfik has announced plans to sell 182 public lands to the private sector, whereas the proceeds will be utilized to help restructure state-owned enterprises (SOEs).

Establishment of 1st Egypt-Sudan Railway Line: Minister

Minister of Transport Kamel El Wazir said Egypt is building a 6,000-kilometer rail line, connecting Upper Egypt with Sudan, as part of the efforts to facilitate trading between the two countries.

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

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