News by Country
Published stories attached to Egypt.
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A presidential decree has amended the allocation of about 112.1 million square metres of state-owned Red Sea land so that it can be used for public debt reduction as well as sovereign sukuk.
Prime Minister Mostafa Madbouly reviewed proposals to simplify fees, widen instalment plans and complete legalisation within a year of the law being amended.
A 100 basis point rate increase has made the instalment credit Egyptian developers extend to buyers more expensive, just as ten-year payment plans dominate listings in New Cairo, Mostakbal City and the New Capital.
Egypt's cabinet has approved a cooperation protocol governing how land and unused state-owned buildings in villages will be offered and allocated for small and medium-sized industrial facilities under the 'Productive Village' initiative.
Radisson Hotel Group plans to grow its Egyptian portfolio from five operating properties and eight under development to 30 hotels, resorts, serviced apartments and branded residences by 2030.
Egypt's government witnessed two hospitality agreements on Tuesday: a $180 million Titanic hotel opening in Sharm El-Sheikh and a PRE Group-Hilton partnership worth an estimated EGP 14 billion covering six hotels and four branded residential developments.
Prime Minister Mostafa Madbouly has ordered ministries to finalise a revised settlement scheme for unlicensed buildings, with fees tied to local market values and legalisation targeted within 12 months of the law being amended.
Housing Minister Randa Al-Minshawi pitched new-city and coastal land to a 20-strong Omani developer delegation, with both sides agreeing to set up coordination channels for cross-border partnerships.
Egypt's New Urban Communities Authority has allowed Maxim to hand its rights over two Bo Island plots to Tahya Misr Holding, the Tahya Misr Fund's investment arm, in a step to regularise the stalled project and protect unit buyers.