The region’s first “stacked” car garage is about to open in Heliopolis: The first phase of the EGP 230 mn Roxy Garage — the Middle East’s first public garage with a hydraulic parking system — is slated for inauguration by next month, Chairman of the Roxy Garage Company Mahmoud Farag told Hona Al Asema. The company is currently working on putting the final touches on the garage, including setting up a fire suppression system, and is waiting on the necessary licenses to begin operating (watch, runtime: 39:26). The topic also earned airtime on Al Hayah Al Youm (watch, runtime: 2:57).

The Madbouly Cabinet has apparently formed a committee to assess whether locally we’re ever going to grow enough produce to meet domestic demand, Cabinet Spokesman Nader Saad told Yahduth fi Masr. The decision comes a few weeks after a “potato crisis” gripped the nation, but Saad said that the shortage of spuds was mostly a result of an unanticipated reluctance among farmers to grow the crop this year (watch, runtime: 3:57).

Egypt’s program to offer renewable residency permits to non-Egyptian homebuyers was the topic of discussion on Hona Al Asema, where Rep. Mohamed El Akkad broke down the details of the new policy for host Lama Gebril. Foreigners who purchase a home for USD 100k will be granted a one-year residency permit, while those who purchase units for USD 200k and USD 400k will be granted three-year and five-year permits, respectively. Individuals who later sell these units will have their residency revoked (watch, runtime: 5:08). El Akkad said the decision should reel in some USD 3 bn each year (watch, runtime: 3:40).