El Rabwa Network has unveiled plans to pump EGP 1.5 bn worth of investments into developing the Global Paradigm Schools complex in New Cairo’s Mostakbal City, following the opening of the education project's first administrative headquarters in early December.

Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).

Minister of Civil Aviation Mohamed Manar said some Saudi and Kuwaiti investors are keen to compete for cargo village and logistic projects at Cairo International Airport (CAI) and Sphinx International Airport (SIA).

Bahrain’s Seef Properties CEO Ahmed Youssef has revealed that construction on its mixed-use project, "Al Liwan" is nearing completion for the official opening in Q1 2021.

Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.

IC Group has commenced the handover of its 4,800-square-meter commercial project in New Cairo, or "Life Mall," in a bid for official opening and operation in Q1 2021.

Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.

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.

Mountain View Chairman Amr Soliman has unveiled plans to commence work on Egypt's “first international business hub” in New Cairo, called "Heartwork," in Q1 2021, in a bid for delivery before 2022.

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.