PM Shows Dramatic Loss of Croplands Due to Urban Sprawl

Prime Minister Mostafa Madbouly has confirmed that the state has lost about 400,000 acres of agricultural land due to urban sprawl, adding that unplanned settlements represent almost 50% of total urban areas and v ...

Kafr El Sheikh Sees 28 Social Housing Buildings Done: Official

Kafr El Sheikh Governor Gamal Nour El Din has presented work progress on phase III of the city's social housing project, indicating the completion of 28 residential buildings, whereas nine others are nearing alloc ...

Cabinet Nods Reallocation of State Lands for 2 Logistics Zones

Egypt's Cabinet has approved a draft presidential decree to reallocate two state-owned plots for the Ministry of Supply and Internal Trade to establish logistics zones in Luxor and Sharqia provinces.

Sinai Cement Calls for Urgent Action on Overcapacity

Country Manager at Sinai Cement Company Tamer Magdy has called for immediate action by the Egyptian government to address the current local industry crisis, as the gap between the excessive supply and lagging dema ...

Gov’t Inks EUR 1.14 bn Operation Contract for Cairo Metro Line III

The National Authority for Tunnels (NAT) has inked a EUR 1.14 bn (EGP 21.4 bn) contract with French transportation firm RATP Dev to run and operate Cairo Metro Line III.

Gov’t Invests EGP 174 bn in Water, Sewerage Sector in 6 Yrs

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that almost EGP 174 bn were invested in Egypt's potable water and sanitation sector in the last six years.

Egypt’s Mortgage Funding Down 84.2% in April: FRA

The Financial Regulatory Authority (FRA) has unveiled that Egypt’s mortgage finance activity dropped by 84.2% last April versus the year-ago figures.

Egypt Builds EGP 49 bn Commercial, Logistics Zones in 11 Provinces

Egypt has set up 18 commercial and logistics projects in 11 governorates, at a total cost of almost EGP 49 bn.

Work on NAC’s Capital Park Must Conclude Before 2021: Abbas

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has undertaken a follow-up visit to the New Administrative Capital’s (NAC) Capital Park project, where he called on c ...

Gov’t Agrees to Cede AAST Campus in New Alamein

Egypt's Ministry of Housing has agreed to cede control of the Arab Academy for Science and Technology (AAST) branch in New Alamein, including the land and building components.

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