El Mostakbal Donates EGP 5 mn to Tahya Misr Fund
El Mostakbal for Urban Development has donated EGP 5 mn to Tahya Misr Fund, in an attempt to support the Egyptian government’s efforts in mitigating the impact of COVID-19 headwinds.
Gov’t Figures Fees for Reconciliation in Building Code Violations
Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications ca ...
El Gazzar Says 2,500 Houses for Giza Slum Dwellers 37% Done
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 2,500 houses are under construction in October Gardens, designated for Giza's informal housing residents, hitting a completion rate of 37% ...
Egypt to Invest EGP 512 bn in Metro Projects Until 2024: Minister
Egypt's transport ministry intends to pump EGP 512 bn into 22 subway projects over the next four years, as the country's rapid transit system marks a vital plank of the state's infrastructure development program. ...
Some 1 mn Homes Link to Natural Gas Grid in FY 2019/20
The petroleum ministry has confirmed the delivery of natural gas to about 1.07 mn housing units in FY 2019/20, which 107% higher than the original target.
Baron Palace Reopens to Public After 2-Yr Restoration
After more than two years of restoration, Egypt's long-dormant Baron Palace in Heliopolis has regained its glory and reopened to the public, in celebration of its official inauguration by President Abdel-Fattah El ...
Egypt Kicks Off FY 2020/21 with Largest-Ever State Budget
Egypt's Ministry of Finance kicked off the FY 2020/21 state budget on July 1, estimated at EGP 2.2 trn, marking the largest in the country's history.
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 ...
Egypt Remains Africa’s Top FDI Recipient in 2019: UNCTAD
Egypt continues to be Africa’s largest recipient of foreign direct investment (FDI) flows in 2019, marking a 10.7% hike, despite the slump in FDI inflows to the entire continent to USD 45 bn (EGP 727.2 bn).
Egypt’s Housing Minister Returns to Office After 14-Day Self-Isolation
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has left his home for the first time in almost two weeks and returned to office, after self-isolating due to exposure to a COVID-19 carrier on ...
