Egypt Approves Largest-Ever State Budget

Egypt’s parliament approved on June 24 the FY 2019/20 budget starting in July, with spending set at EGP 1.6 trn, up EGP 150 bn from the current fiscal year, marking the biggest state budget in the country's histor ...

Transport Ministry Links Upper Egypt Main Roads with 8 New Axes

Egypt's transport ministry is implementing a total of eight new major axes on the Nile River in Upper Egypt, aiming to link main roads located on the western and eastern banks of the Nile, with investments worth E ...

SODIC to See Investments Worth EGP 5.15 bn in 2019

Sixth of October Development and Investment (SODIC) has announced plans to pump EGP 5.15 bn worth of investments into its development projects during 2019.

Marakez to Open Mall of Tanta in August

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, plans to open its latest commercial project, Mall of Tanta, in Gharbia governorate next August, with total investments of ab ...

Madbouly Maps Out Priority Areas for Development in Egypt

Prime Minister Mostafa Madbouly Cabinet issued a decision that maps out priority areas in Upper Egypt that are in need of the Upper Egypt Development Authority’s attention

ARDIC to Pump EGP 1 bn Into Zizinia El Mostakbal

ARDIC for Real Estate Development and Investments is set to inject EGP 1 bn on the first and second phases of its newest project, Zizinia El Mostakbal, in east Cairo.

Green Town Achieves EGP 186 mn Sales for Developers in 2018

Egypt's Green Town Real Estate and Development has achieved sales worth EGP 186 mn in 2018 for a number of Egypt-based real estate projects being implemented by distinct developers.

Egypt Targets Increasing Urban Areas to 12%: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that Egypt’s strategic plan targets increasing its urban areas to 12%, adding that the government is planning to ...

Madbouly Reviews NUCA’s Achievements in 2018

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed the New Urban Communities Authority's (NUCA's) tangible achievements in 2018.

Gov’t to Invest EGP 275 bn in Sinai Until 2022: Planning Minister

Egypt’s Planning Minister Hala El-Saeed said on Tuesday, August 28, that the state has allocated nearly EGP 275 bn for the development of the Sinai Peninsula until 2022

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