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 ...

NUCA to Deliver 1,042 Housing Units in East Cairo

The New Urban Communities Authority (NUCA) will offer 1,042 fully-finished housing units in the R3 residential district of the New Administrative Capital (NAC) and Shorouk City's Sakan Misr middle-class housing pr ...

Drawings of Saqqara Development Project to be Ready Before End-June

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the swift preparation of drawings for the restoration of ancient Saqqara archaeological area before the end of June, coming up to ...

Bahrain to Open World’s Largest Underwater Park in August

Bahrain is set to become a global leader in the ecotourism field as it plans to open the world's largest eco-friendly underwater theme park, coming up within the kingdom's master-planned island city, Diyar Al Muha ...

Gov’t to Deliver 168 Units in New Cairo’s Dar Misr Phase I

Head of New Cairo Development Authority Adel El Naggar has announced plans to start handing over on June 9 the tenth batch of Dar Misr's first phase in El Koronfel Villas, New Cairo.

Gov’t Builds 15,936 Housing Units in New Mansoura’s JANNA, Sakan Misr

New Mansoura saw about 4,704 residential units, within 196 buildings, 79% completed in Sakan Misr medium-income project.

Egyptian Real Estate Council Proposes Building Social Housing for Youth: Official

Chairman of Egyptian Real Estate Council (ERC) Adel Lotfy said a draft proposal has been completed for the development of social housing projects for young people in partnership with the government

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

NUCA Allocates 113 Plots in 24 New Cities in 2018

The New Urban Communities Authority (NUCA) has allocated 113 plots, with a total area of 2,530 acres, in 24 new cities during 2018, in a bid to meet the country's investment demands and accelerate the development ...

Sheikh Zayed’s JANNA Project to Offer 4,920 Units: Minister

Assem El Gazzar, minister of housing, utilities, and urban communities, has revealed that JANNA luxury housing project will boast 4,920 fully-finished residential units in west Cairo's Sheikh Zayed.

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