Palm Hills to invest EGP 2B in 2016

Palm Hills is planning to invest EGP 2 billion ($225 million) within the current year.

Egypt’s Ministers Fly to UAE to Boost Investment

Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu ...

Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017

The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.

Ministry of Housing Launches its Biggest Land Draw to Date

The Minister of Housing, Utilities and Urban Communities launched the country’s biggest land tender on April 17. The draw includes 21,398 piece of land in 21 new cities, the ministry announced in a press release.

Presidential Decree Allows Industrial Lands to be Allocated to Investors For Free

A presidential decree issued by President Abdel Fattah Al Sisi dictates that pieces of lands in some industrial zones can be allocated to investors at no cost. The decree was published in the state's official gazette.

Egyptian Banks Pump EGP 2 B in CBE’s Mortgage Initiative

Egypt’s local banks placed EGP 2 billion pounds ($225 million) in the Central Bank of Egypt’s (CBE) low income mortgage initiative in March 2016, Chairman of the Mortgage Finance Fund (MFF), May Abdel Hamid, told Amw ...

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