Egypt Spends EGP 350bn to Develop Upper Egypt in 7 Years

Al Ashry reveals that the government has implemented 8,300 projects and invested EGP 350 bn in order to rebuild Upper Egypt in seven years.

ُEl Gazzar Reviews Ministry of Housing’s Achievements in Upper Egypt in Seven Years

During the opening of 11 drinking water and sanitation plants in Upper Egypt, El Gazzar reveals that the total investment pumped to achieve the overall economic and social development of Upper Egypt has reached EG ...

Housing Officials Inspect The Work Progress In New Mallawi

NUCA officials inspect New Mallawi City to follow up on ongoing projects. Besides, the implementation rate of the JANNA project in the city has reached 66%.

Largest Entertainment City to Open in New Qena

Head of the New Qena Development Authority Radwan Abdel Rashid has revealed the imminent opening of the largest entertainment city in New Qena in Upper Egypt with estimated investments of around EGP 104 mn.

Mabany Edris Acquires IHG to Manage Holiday Inn in New Assiut 

Mabany Edris acquires InterContinental Hotels and Resorts International (IHG) to manage the Holiday Inn hotel, the first internationally managed hotel at its Asaila compound in the heart of Upper Egypt in the New ...

Upper Egypt Development Reaches EGP 83 bn in 7 Years

Minister of Housing and Utilities and Urban Communities Assem El Gazzar states that the Ministry of Housing’s total investments in Upper Egypt governorates since 2014 amount to EGP 83 bn, Invest-Gate reports.

EGP 63 bn Invested in Upper Egypt Thus Far

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

Gov’t Builds Almost EGP 96 bn Energy Projects in 2 Yrs: Minister

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 t ...

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 ...

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