Tahya Misr Fund Spends EGP 1 bn on Al Asmarat Project

Egypt’s Tahya Misr Fund has contributed EGP 1 bn to the development of the social housing project on Mokattam Hills, or "Al Asmarat," which comes to provide decent homes for more than 80,000 slum dwellers.

Baron Palace Reopens to Public After 2-Yr Restoration

After more than two years of restoration, Egypt's long-dormant Baron Palace in Heliopolis has regained its glory and reopened to the public, in celebration of its official inauguration by President Abdel-Fattah El ...

Gov’t Finalizes Almost 1,800 Development Projects in Upper Egypt

Sohag and Qena have seen 1,796 projects completed as part of the state's Upper Egypt Local Development Program, while 779 others are still underway.

Mansoura Assumes EGP 250 mn Renovations by 2021

The Egyptian government agreed on January 5 to undertake extensive renovation works at downtown and south Mansoura, with costs estimated at EGP 250 mn, intending for completion by next year.

Tharaa Undertakes Old Cairo’s Bab El Azab Renovation Works

Egypt's newly-introduced sovereign wealth fund (aka Tharaa) received on December 18 the Cabinet approval to hold the rights to overhaul the main entrance of Salah El Din Citadel, or "Bab El Azab," under a 49-year ...

Egypt, EU Kickstart EUR 3.1 mn Project to Revamp Egyptian Museum

Egypt announced on June 17 embarking on a three-year project to revamp the Egyptian Museum, west Cairo, financed by EUR 3.1 mn of EU funding and backed by a consortium of five European museums, promising to preser ...

Gov’t to Invest EGP 508 mn to Develop Cultural Sector

Planning Minister Hala El-Saeed said the government has allocated EGP 508 mn for developing the country's cultural sector as part of its plan for FY 2018/2019, representing a 14% increase from the prior fiscal yea ...

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