• Sunday, 18 October 2020

    ElSewedy Education allocated 50 feddans in Assiut for education project

    ElSewedy Education has been allocated a 50-feddan land plot in Assiut by the New Urban Communities Authority (NUCA) for an education project, authority head Gehan Ammar told Hapi Journal. ElSewedy Education submitted the request in August, but is still deciding...
  • Wednesday, 7 October 2020

    City Edge to launch specialized arms for development projects

    City Edge to launch specialized arms for development projects: City Edge is looking to set up several subsidiaries focused on the group’s separate development activities like hotel construction and management within the coming three years, City Edge chairman Ashraf Salman...
  • Tuesday, 6 October 2020

    Real estate developers face higher solvency requirements for land allocation

    Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1 bn for service and mixed-use projects under regulatory amendments issued by the New Urban Communities Authority (NUCA), Al Mal reports....
  • Sunday, 4 October 2020

    Egypt’s NUCA signs EGP 50 bn syndicated loan agreement

    The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the National Bank of Egypt and Banque Misr to finance developments in new cities, Al Mal reports, citing sources familiar with...
  • Wednesday, 16 September 2020

    Your top infrastructure stories

    Your top infrastructure stories for the week: Transit: The National Authority for Tunnels awarded a consortium of Hill International and HJI Group Corporation the consultancy services contract for the new monorail lines connecting the new administrative capital and Sixth of...
  • Sunday, 13 September 2020

    Hassan Allam, Orascom Construction to build five towers in New Alamein

    Orascom Construction and Hassan Allam have won contracts from the New Urban Communities Authority (NUCA) to build five towers in New Alamein, Al Shorouk reports, citing unnamed sources familiar with the matter. Hassan Allam won contracts for three towers while...
  • Thursday, 10 September 2020

    Ahmed Moussa interviews CBE governor Tarek Amer on last night’s talk shows

    CBE governor Tarek Amer gave a marathon interview to Ala Mas’ouleety’s Ahmed Moussa last night, sitting down for over two hours to talk about everything econ you can think of (watch, runtime: 2:19:42). Here are the highlights: More reform is...
  • Tuesday, 18 August 2020

    CIRA to build school on recently purchased EGP 21.6 mn New Sohag land

    Cairo for Investment and Real Estate Development (CIRA) has purchased 5 acres of land in New Sohag City for EGP 21.6 mn to build an international school, according to Al Mal, citing unnamed sources. The company plans to break ground...
  • Wednesday, 12 August 2020

    Your top infrastructure stories of the week

    Your top infrastructure stories of the week: Modernizing irrigation systems: The Agriculture Ministry is planning to modernize the irrigation systems used in eight governorates by using drip irrigation, sprinkling, and laser land leveling systems.Auto dual-fuel transition: Egypt’s auto firms requested...

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