Egypt Advances 6 Spots in WB’s Doing Business 2020

Egypt's ranking advanced six spots in the World Bank (WB) Group’s Doing Business 2020 report, thanks to the notable reforms being implemented for economic growth.

NUCA Offers 46 Villas in Marina Alamein

The New Urban Communities Authority (NUCA) will start issuing the terms and conditions booklets for 46 semi-finished villas in Marina Alamein, North Coast, starting September 29.

New Investor Service Center Opens in Port Said

Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Gov’t Forms Committee to Study Imposition of Beach Fees

The Egyptian government has decided to set up a legal committee, headed by the chairman of the Council of Ministers, to study the legal implications and determine a mechanism to collect the recently imposed fees o ...

Egypt Invests EGP 1.3 bn in Neediest Villages in FY 2018/19

Deputy Minister of Planning and Administrative Reform Ahmed Kamaly said Egypt has carried out investments worth EGP 1.3 bn in 158 most needy villages during FY 2018/19, benefitting merely 2.5 mn citizens residing ...

Lessors Can Now Register Leased Properties: Interior Ministry

Egypt's interior ministry now offers an online service that allows lessors to register properties they rent out across all governorates, in an aim to lead the country toward a digital transformation and a cashless ...

Over 260 Development Projects Underway in Giza: Official

Giza Governor Ahmed Rashid said on June 11, during a meeting held with Prime Minister Mostafa Madbouly, that 260 projects are underway in the province, with costs estimated at EGP 12.5 bn, in addition to other dev ...

Cabinet Amends Regulations of Real Estate Funds

Egypt's cabinet issued a decree on June 11 to amend the executive regulations of "Capital Markets Act," governing real estate funds, in an attempt to facilitate and reduce burdens halting real estate investment.

Egypt Secures EGP 7.5 mn Grant for Japanese Schools

Egypt and Japan inked on May 30 an EGP 7.5 mn agreement to back the Egypt-Japan School (EJS), bringing the size of cooperation between both countries in the field of education to USD 285 mn (nearly EGP 4.761 bn)

Bombardier-Led Consortium Ideal Bidder for EUR 3 bn Monorail Project

A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the ...

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