Parliament Approves KWD 50 mn loan for Sinai Development Projects

The House of Representatives approved a KWD 50 mn (approx. EGP 3.07 bn) loan on February 1, signed between Minister of International Cooperation Sahar Nasr and the Arab Fund for Economic and Social Development (AFESD ...

Administrative Court Rejects Qatari Diar’s Lawsuit to Cancel Sinai Project

The Administrative Court has rejected an appeal lodged by Qatari Diar to cancel its 30 mn square meter project in Sinai.

Egypt Receives First Segment of Saudi Loan for Developing Sinai

Egypt received EGP 2.664 billion ($300 million) from Saudi Arabia to develop the Sinai peninsula, announced Minister of International Cooperation Sahar Nasr.

SDA Develops Projects in Suez Worth EGP 220M

Sinai Development Authority (SDA) is developing projects in Suez governorate worth EGP 220 million, said Mohamed Al Saka, SDA President.

Housing Ministry to Develop 500 Units in Al Ruweisat Slum Area

The Minister of Housing, Utility, and Urban Communities, Moustafa Madbouly, agreed to the development of Al Ruweisat slum area, in South Sinai, through the execution of 500 residential units, for the area’s residents.

Parliament Approves King Salman’s Sinai Development Program

In a plenary session, the Egyptian parliament approved a report presented by the legislative and constitutional affairs committee on a Saudi-Egyptian loan for a development program of the Sinai Peninsula.

Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017

The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.

Ministry of Housing to Inaugurate Projects in Sinai Worth EGP 312 M

The Ministry of Housing, Utilities and Urban Development is preparing to launch numerous project in North and South Sinai worth EGP 312 million, announced a press release from the Ministry of Housing.

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