News by Country
Published stories attached to Egypt.
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Egypt's Minister of Local Development and Environment, Manal Awad, says detailed urban plans for Nakhl and El-Hasana are complete, with Nakhl's designated urban area set to more than triple to 1,251 feddans by 2037.
Q Developments is targeting about $441 million of investment across a 260-feddan land bank, led by the EGP 7 billion Q Hills project in New Zayed and the EGP 9 billion Q Bay scheme in New Alamein.
President Abdel Fattah El-Sisi has directed the government and the Tahya Misr Fund to build 200,000 rental housing units at a shared cost, as Egypt moves to restore rental housing alongside its homeownership schemes.
Hotel101 Global has signed binding agreements with IGI Holding for a country-wide joint venture in Egypt, starting with a roughly 750-room hotel on a 15,984 square metre site in 6th of October City.
Egypt has reached an EGP 11 trillion agreement with Talaat Moustafa Group for four multi-use developments, announced as President Abdel Fattah Al-Sisi directed the construction of hundreds of thousands of rental homes.
Prime Minister Mostafa Madbouly says Egypt plans to build 39 new cities by 2050, with work on 27 already under way or complete, arguing that expansion has curbed encroachment on farmland and the growth of informal settlements.
El Gouna Red Sea has launched Najan, a boutique village of studios to three-bedroom apartments in low-rise buildings, as the Orascom Development Egypt town expands its western district with a pedestrian-first layout.
Egypt has launched an investment zone for Qatari Diar's Alam Al Roum development on the North Coast, as ministers pitch the zone as a vehicle for tourism, real estate and service investment.
Egypt's housing minister has outlined a regulatory framework covering developer licensing, separate bank accounts for each project and protections for buyers when delivery slips by more than a year.