Egyptian government | INVEST-GATE - Part 9

Egyptian Hotels Almost Fill Up at Reduced Occupancy

After reopening at a quarter of regular capacity in a bid to contain the spread of COVID-19, Egyptian hotels are almost fully booked for domestic tourism, coinciding with the peak season of Eid Al Fitr holiday.

Gov’t Imposes 6-Month Ban on Building Permits

Local Development Minister Mahmoud Shaarawy has announced a six-month ban on construction permits in various urban cities, including Greater Cairo and Alexandria, pending verification of complying with building co ...

Invest-Gate Releases Recommendations for Smart Real Estate Market Post-Pandemic

Invest-Gate wrapped up its first virtual roundtable on May 17, titled “Smart Real Estate Market Amid COVID-19,” tapping the knowledge and experience of local real estate gurus and creating a blueprint of smart sol ...

NUCA Extends Deadline for Land Payments: Expert

Mena Group Founder and Vice-Chairman of Egypt Businessmen’s Association (EBA) Fathallah Fawzy has confirmed that the government signed off on the real estate developers' request to extend the deadline for all land ...

New Damietta Sees Almost 3,400 Sakan Misr Units Done

New Damietta saw the completion of 3,384 residential units, or 141 apartment buildings, as part of the Sakan Misr social housing project, while 1,440 others are underway.

Over 9,000 Units to be Ready for NAC Employees in August

Badr City will see 9,024 apartments completed by next August for the first batch of government employees to move to the New Administrative Capital (NAC) once the ministerial district is up and running, Invest-Gate ...

Egypt Composes ‘Stay Safe’ Guidelines for Reopening Hotels

As Egypt seeks relief for the tourism sector, a range of health and safety requirements has been released by the government to be embraced by hoteliers to safely welcome back guests and employees, while also guard ...

Egypt, ITFC Ink USD 100 mn Deal to Secure Essential Commodities

The International Islamic Trade Finance Corporation (ITFC) Inked USD 100 mn financing agreement with the General Authority for Supply Commodities (GASC) to cover the Egyptian government’s essential strategic commo ...

Egypt Shortens Nationwide Curfew During Ramadan

Prime Minister Mostafa Madbouly has announced that the country's nationwide curfew will be shortened by one hour to begin at 9 pm each day.

Egypt to Spend EGP 5 bn on 13 Industrial Zones

The Egyptian government plans to spend EGP 5 bn on 13 new industrial zones in FY 2020/21, Invest-Gate reports.

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