Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has emphasized the need for adherence to deadlines and continuous follow-up on the construction of housing units in the “Residence for all Egyptians” initiative.

Egypt’s Suez Canal Zone Authority (SCA) and its Suez Canal Container Terminal (SCCT) unveiled an agreement on April 14, committing to USD 50 mn of investments

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has issued a ministerial decision for the reshuffle of heads of the new cities' authorities.

The total investments of the Suez Canal Container Terminal (SCCT) exceed USD 850 mn in the East Port Said zone, says the company’s general manager Yan Boza.

The Ministry of Housing, Utilities, and Urban Communities plans to assign companies that are part of the Suez Canal Authority to develop construction works that will protect and develop artificial lakes and beaches in East Port Said City, according to a released statement.

The Ministry of Housing, Utilities, and Urban Communities has begun negotiating with real estate companies over land pricing in the New Administrative Capital, in efforts to sell the first phase of the city after re-pricing it in accordance with the previously announced 25% discount.

New land plots will be offered to real estate investors this month in Assiut City and Qena City, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities.