With Egypt's new regime under President Abdel Fattah El Sisi, Egypt has spent EGP 63bn on the development of Upper Egypt, Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirms

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.

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 companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 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 reinforce core business areas.

Manazel Real Estate Exhibition’s second edition kicked off on December 3 in Geziret El Ward Club, Mansoura, running for three days to host around 2,000 visitors, featuring unique incentives and attractive offers by the diverse range of exhibiting property developers.

Master Group Vice-Chairman Mohamed Mounir has unveiled the addition of the company's third real estate development in the New Administrative Capital (NAC) to its project portfolio in Q1 2021, while also affirming expansion into Upper Egypt.

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has approved the allocation of 21 land plots in eight new cities in Upper Egypt, Invest-Gate reports.

Egypt’s real estate developer Master Group has rolled out its second residential project in the New Administrative Capital (NAC), named "City Oval," with investments estimated at EGP 6 bn.

Egypt's real estate developer Master Group has announced plans to implement new projects in the New Administrative Capital (NAC), North Coast, Upper Egypt, and South Sinai by 2021.

Al Fanar for Contracting, Construction, Trade, Import, and Export Company (Al Fanar) and Hassan Allam Construction (HAC) have partnered for some civil works in Toshka in the southern desert of Egypt.