Ghabbour, Other Investors Acquire NCHD for USD 50 mn

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 compa ...

ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn

Orascom Development Egypt (ODE) has signed off on selling a 35.25% stake in its subsidiary New City Housing and Development Company (NCHD), at a total cost of EGP 128.6 mn, in line with its strategic plans to rein ...

West Qena to See 1,680 Housing Units Done by July 2020

West Qena is awaiting the finalization of 1,680 residential units, within 70 buildings, as part of Sakan Misr medium-income project by late June 2020, in the course of providing affordable housing to low-income ci ...

Committee to be Formed to Execute Golden Triangle Project: PM

Prime Minister Mostafa Madbouly has mandated the creation of a technical committee to plan for implementing Red Sea's Golden Triangle Development Project, using studies prepared by Italian consulting firm D’Appolo ...

Transport Ministry Links Upper Egypt Main Roads with 8 New Axes

Egypt's transport ministry is implementing a total of eight new major axes on the Nile River in Upper Egypt, aiming to link main roads located on the western and eastern banks of the Nile, with investments worth E ...

Emaar Misr Delivers 1st Phase of Beyout El Kheir Project in Qena

Emaar Misr, in collaboration with Misr El Kheir Foundation, has delivered the first phase of Beyout El Kheir project (Homes of Generosity) in Qena governorate, which is aimed at improving the living conditions of ...

Housing Ministry to Offer 2200 Units in Qena, Assiut Soon

The Housing Ministry is to offer 2200 residential units for sale in Sakan Misr medium-income project next December

Gov’t Unveils Service Projects Worth EGP 182.8 mn

The Central Agency for Reconstruction is currently implementing new service projects as part of its plan for the fiscal year 2016/2017, following the completion of 13 projects in 12 governorates, Invest-Gate reports.  

High Investor Turnout on Offered Residential Land Plots in Qena, Assiut

Foreign investors are scrambling to buy land plots offered by the government in Nasser City in Assiut and in western Qena City, Invest-Gate reports.

Major EGP 43mn Investment Complex Underway, Qena

Egypt is to establish a major EGP-43-mn investment complex in the southern governorate of Qena within the next 10 months, Invest-Gate reports.

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