• Thursday, 6 August 2020

    NUCA reassesses tenders for third phase of PPP program

    The New Urban Communities Authority (NUCA) is reassessing issuing land tenders for the third phase of its public-private partnership program, the local press reports, citing a Housing Ministry source. The third phase includes 10k acres of land spread over 20...
  • Monday, 27 July 2020

    Sodic boss expects Egypt’s real estate sector to recover starting 2H2020

    Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half of this year after the government relaxed covid-19 measures and amid the ongoing gradual return to “normal life,” our friend...
  • Sunday, 26 July 2020

    Egypt’s cabinet approves USD 500 mn housing facility from the World Bank

    CABINET WATCH- Cabinet greenlights USD 500 mn World Bank housing facility extension: The Madbouly Cabinet ratified in its meeting last Wednesday a USD 500 mn extension to a World Bank facility as part of a program to improve access to...
  • Sunday, 26 July 2020

    Egyptian court overturns NUCA decision to fine Qatari Diar’s East Gate EGP 1.3 bn

    DISPUTE WATCH- Court overturns NUCA decision to fine Qatari Diar’s East Gate EGP 1.3 bn: The Council of State’s (Maglis El Dawla) administrative court has overturned a decision from the New Urban Communities Authority (NUCA) to hand a EGP 1.3...
  • Wednesday, 22 July 2020

    NUCA closes EGP 10 bn securitized bond issuance

    DEBT WATCH- NUCA closes EGP 10 bn securitized bond offering: The New Urban Communities Authority has closed its three-tranche, EGP 10 bn securitized bond issuance, Al Mal reports. The issuance was the largest of its kind in Egypt; proceeds are...
  • Tuesday, 21 July 2020

    EBRD to invest EGP 1.5 bn in NUCA bond issuance

    DEBT WATCH- EBRD to back NUCA bond issuance with EGP 1.5 bn investment: The European Bank for Reconstruction and Development (EBRD) will invest EGP 1.5 bn in the New Urban Communities Authority’s (NUCA) latest EGP 10 bn securitized bond issuance,...
  • Thursday, 16 July 2020

    FRA approves NUCA’s EGP 10 bn securitized bond issuance

    DEBT WATCH- FRA green-lights NUCA bond offering: The Financial Regulatory Authority (FRA) has approved the New Urban Communities Authority’s EGP 10 bn securitized bond issuance, Hapi Journal reports, citing unnamed authority sources. The three-tranche issuance will be comprised of a...
  • Tuesday, 14 July 2020

    Egypt to invest more than EGP 45 bn to build 47 seawater desalination plants before 2025

    Egypt will invest more than EGP 45 bn to construct 47 seawater desalination plants over the next five years in a project that aims to strengthen water supply in underserved areas such as Sinai, the Red Sea, and Matrouh by...
  • Tuesday, 14 July 2020

    GERD talks, domestic consumption top stories on talk shows

    The big news of the night: More details of the Madbouly government’s plans to encourage consumer spending. The breakdown of GERD negotiations the schools “expenses crisis” also got attention from the nation’s talking heads. Finance Minister Mohamed Maait had a...

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