Gov’t, Private Developers Annually Pump EGP 200 bn in Housing Industry

Egyptian housing ministry and private sector pump total annual investments of nearly EGP 200 bn in the construction and real estate investment sector, which significantly contribute to the growth of the local econ ...

Developers to Finish New Alamein Towers’ Exterior by July 2020

Prime Minister Mostafa Madbouly has called on New Alamein property developers to finalize finishing works of all towers' exterior facades before July 2020, entailing all companies to sign a formal acknowledgment t ...

New Aswan Sees EGP 1.2 bn Investments Since 2014

Egypt has pumped investments worth EGP 1.2 bn in New Aswan since 2014 up to date, compared to a total of EGP 750 mn beforetime

Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various mega ...

Egypt Invests EGP 1.3 bn in Neediest Villages in FY 2018/19

Deputy Minister of Planning and Administrative Reform Ahmed Kamaly said Egypt has carried out investments worth EGP 1.3 bn in 158 most needy villages during FY 2018/19, benefitting merely 2.5 mn citizens residing ...

Cairo University New Branch to Open in 2020

The new international branch of Cairo University in 6th of October City, west Cairo, is slated for inauguration in the academic year 2020/21

New Mansoura’s JANNA, Sakan Misr See 15,936 Units Underway

New Mansoura sees about 11,232 residential units, within 468 buildings, 50% completed in JANNA luxury housing project, while 4,704 apartments are 80% finished in the city's Sakan Misr medium-income project

Gov’t Extracts 97% of Rubble in Maspero Triangle

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held a meeting on July 17 to follow up on progress made with regards to Maspero Triangle Development Project, whereas 97% of rubble were extrac ...

Gov’t to Offer Over 9,834 Housing Units in Port Said, Damietta

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, ...

Egypt Approves Largest-Ever State Budget

Egypt’s parliament approved on June 24 the FY 2019/20 budget starting in July, with spending set at EGP 1.6 trn, up EGP 150 bn from the current fiscal year, marking the biggest state budget in the country's histor ...

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