Pioneers Properties for Urban Development recorded contracted sales valued at EGP 43.2 billion in 2024

DAL Real Estate Development has launched its first residential project, The HARV, with expected sales reaching EGP 7 billion

Talaat Moustafa Group Holding (TMG Holding) registered total sales exceeding EGP 0.5 trillion (nearly $10 billion) as of December 22nd 2024

Minister of Investment and Foreign Trade Hassan El-Khatib met with the Chairman of the Federation of Egyptian Chambers of Commerce Ahmed El Wakil to discuss strategies for improving the business environment, enhancing exports, and attracting new investments.

Schneider Electric and Crédit Agricole Egypt Foundation for Development have completed the second phase of their joint community development projects in Ezbet Ateya, Menoufia governorate.

First Abu Dhabi Bank Misr (FABMISR) has signed a cooperation agreement with Orman Association to develop the village of Al Falouga in the Badr district of Beheira Governorate.

Schneider Electric and Crédit Agricole Egypt Foundation have jointly inaugurated community development projects in the villages of Shubra Qubala and Mit El Qasri in Menoufia.

Minister of Petroleum and Mineral Resources Tarek El-Molla has inaugurated development and expansion projects at Al-Hamra petroleum port in New Alamein city.

Madinet Masr has signed a memorandum of understanding (MoU) with Misr Engineering Development Company (MEDCOM) to execute the infrastructure works for several projects in Taj City with total investments of EGP 1 billion.

Starting in 2014, the Egyptian government implemented massive security operations, in cooperation with tribal leaders, to defeat the terrorist groups and remove them from Sinai as a whole. These operations were supported by the country’s long-term political, social, and economic vision to develop Sinai, including Arish. This development strategy included enhancing the infrastructure and real estate as well as developing the Arish Port operations. Despite its potential as a tourist destination, Arish City has been subjected to several tourist groups’ activities over the past decade. During the past few years, it has been a challenge to develop the city’s potential as a part of the bigger plan to develop the North Sinai governorate.

Minister of Planning and Economic Development Hala El-Said announced that borrowing on concessional terms would only take place when necessary for long-term projects that could generate development receipts.

Egypt secured EGP 32 billion of the total allocations for the budget of fiscal year (FY) 2022/2023 to implement the development and services projects across governorates, estimated at EGP 35.8 billion, until mid-May 2023.