Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed the execution of 416 public developments in the electricity and renewable energy sector, at a value of EGP 95.6 bn, over the past two fiscal years.

Egypt's Orientals for Industrial Projects has revealed plans to complete the development of phase I of OIC, the newest integrated industrial city in Ain Sokhna, by April 2021.

Orascom Development Egypt's (ODE) flagship project on the Red Sea coast of Hurghada, Makadi Heights, will soon see integrated telecommunication services, under the signing of a cooperation agreement with Telecom Egypt - WE.

Egypt's housing ministry has held an expanded meeting to review the Great Transfiguration Project, which is aimed at the restoration of Saint Catherine's Monastery, South Sinai, in an attempt to revive the historical site.

El Attal Holding has uncovered the launch of its first home project in Ras Sudr, South Sinai, with investments totaled at EGP 1.5 bn, bidding to deliver the entire coastal development in Q4 2021.

Egypt's Madaar Developments has appointed international architecture firm Benoy International to design the Downtown Azha project in Ain Sokhna.

An Egyptian-Chinese consortium has won a USD 9 bn (EGP 142.19 bn) tender for the design, finance, and operation of a high-speed rail, linking Ain Sokhna and New Alamein, with a speed of 250 kilometers per hour.

Misr Italia Properties (MIP) Managing Director and CEO Mohamed Khaled El Assal has uncovered plans to deliver phase I of Kai Sokhna in the upcoming November, which is being developed with combined investments of EGP 2.4 bn on the Red Sea coast.

Misr Italia Properties (MIP) has signed off on setting up the very first kitesurfing center in Ain Sokhna at its flagship project Kai Sokhna, which is slated for opening in the final quarter of 2020.

Chairman of the Egyptian Hotels Association in the Red Sea Alaa Akel forecast that all Red Sea hotels are projected to resume operations by next October or November, however, at low occupancy rates.