NUCA Reveals Implementation of 35 Projects in Egypt’s New Cities

The New Urban Communities Authority (NUCA) reveals that its planning and projects sector is progressing around 35 construction, service, and investment projects on a total area of 5,700 acres in 12 new cities to l ...

SODIC to Invest up to EGP 1 bn in Land Purchase This Year

Egypt's real estate developer Sixth of October for Development and Investment Company (SODIC) is planning to invest between EGP 900 mn and EGP 1 bn to expand their land bank in 2018

FDI Could Grow by 20-25% Next Year if it Reaches its FY 17/18 USD 10 bn Target: El Garhy

Foreign direct investments could grow by 20-25% in fiscal year 2018-19 only if its hits this year’s USD 10 bn target

Tatweer Misr to Invest EGP 52 bn in Three Projects by 2027

Tatweer Misr, a leading Egyptian real estate company, is planning to invest EGP 52 bn in three mega projects: Il Monte Galala in Ain Sokhna, Fouka Bay in North Coast and Blue Villas in Mostakbal City by 2027

Travco to Establish a New Steigenberger-run hotel in Sheikh Zayed

Travco Travel Company, a destination management company in Egypt, has signed a 50-50% partnership contact with German investors to establish a new 300-room hotel in Sheikh Zayed this year

Amer Group to Establish EGP 3 bn Touristic Project in Port Said

Chairman of Amer Group Mansour Amer has signed a contract with Major General Adel Al Ghadban, governor of Port Said, to establish a 90-acres integrated touristic project in Western Port Said, with an initial inves ...

Aldar Properties Raises its Foreign Ownership Limit to 49%

Aldar Properties has raised its Foreign Ownership Limit (FOL) to 49%, from the previous 40%, following shareholder approval at Aldar’s 2018 annual general meeting, Zawya reports, adding that the raise was implemen ...

Russia Resumes Flights to Egypt After Over 2 Years Suspension

Aeroflot announced it will operate three flights a week from Moscow to Cairo, on Saturday, Monday, and Wednesday, and flights from Cairo to Moscow on Sunday, Tuesday, and Thursday

Gov’t Unveils Largest Offering of Land, Housing Units for 2018/2019

Minister of Housing Mostafa Madbouly has revealed details of the largest offering of housing units and residential, investment, and service plots for 2018-2019, which is currently being implemented and will be ann ...

Gov’t Announces Implementation of New Touristic Project at New Aswan City

The 181-acre phase is located at the city’s front, overlooking the Nile.   The project includes two residential areas of 19 and 14 acres with 81 and 66 villas, respectively.

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