New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.

Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed that the total value of potable water and sewerage treatment projects in Port Said, Damietta, and Ismailia has so far amounted to EGP 2.164 bn.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with Port Said Governor Adel Al-Ghadban to follow up on the various ongoing development projects driving economic growth and real estate investment to the Mediterranean city.

The Waterway Developments has announced plans to pump EGP 13 bn in Egypt's real estate market with the launch of three projects in New Cairo.

New Plan Developments has inked a cooperation protocol with Port Said Governorate for the development of "Sahet Misr," which is the main piazza of the coastal Mediterranean city.

Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investments amounted at EGP 113.3 mn.

The board of directors of Social Housing and Mortgage Finance Fund has approved offering more than 9,834 residential units in Port Said and Damietta provinces, with areas varying between 105 and 120 square meters, as part of the state's efforts to provide a plethora of both social housing and investment units.

Egyptian President Abdel Fattah El Sisi on May 5 inaugurated 12 mega national projects, connecting Sinai to the Nile Delta, a step which comes under the country’s pursued Sinai Peninsula development project.

Eight Russian companies signed on February 20 memorandum of understandings (MoUs) with Andrey Slepnev, director general of the Russian Export Center, in the attendance of Chairman of Egypt's Suez Canal Authority and General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish, to operate in the Russian Industrial Zone, east of Port Said.