Sorouh’s Entrada Records EGP 2.5 bn Sales in 2 Yrs

Since its inception two years ago, Egypt-based Sorouh Developments registered EGP 2.5 bn worth of sales from its flagship project in the New Administrative Capital (NAC), or "Entrada," over the last two years.

Annual Headline Inflation Down to 4.6% in July: CBE

The Central Bank of Egypt (CBE) has reported a decline in the country's annual headline inflation to 4.6% in July - the lowest since November, compared to 5.6% last June and 7.8% in the same month a year earlier. ...

MNHD Approves Odin’s Due Diligence on El Nasr Civil Works

Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.

Emaar’s Address Makes Debut in North Coast with New Resort

Emaar Hospitality Group's Address Hotels & Resorts has made a debut on Egypt's North Coast with its first resort in Egypt, called “Address Marassi Golf Resort," after seven months of steady construction work.

Complex Legalities Hurdle Private Healthcare Investments: Experts

Legislative complexities stand as one of the major hurdles for Egypt's healthcare sector, investors and industry players revealed in a third webinar hosted on July 19 by the British Egyptian Business Association ( ...

Egypt Implements 1 mn Supportive Housing with Over EGP 200 bn

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 1 mn residential units are underway, at combined costs exceeding EGP 200 bn, as part of the efforts to present decent housing f ...

Egypt Undertakes Almost 200 Paving Projects in 12 Cities

Transport Minister Kamel El Wazir has affirmed that phase I of Egypt's national pavement development program is currently being undertaken, involving 197 asphalt paving projects with a total length of 837.5 kilome ...

Work in Full Swing at New Mansoura’s JANNA, Sakan Misr

New Mansoura sees about 11,232 residential units (468 buildings) in the JANNA luxury housing project 75% completed, while 4,704 apartments (196 buildings) are 90% finished in the city’s Sakan Misr medium-income pr ...

France Underpins Egypt’s Energy Sector with EUR 151 mn

Minister of International Cooperation Rania Al-Mashat and the Agence Française de Développement (AFD) have agreed on a grant worth EUR 151 mn (EGP 2.75 bn) for enhancing the Egyptian energy sector's financial sust ...

EIB Endows EUR 122.7 mn for Egypt’s Sanitation, Transport Sectors

Egypt has approved three funding agreements with the European Investment Bank (EIB) to finance local sanitation and transportation sectors at a combined value of EUR 122.7 mn (EGP 2.23 bn).

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