Saturday 13 August 2022
 
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NUCA

Egypt launches $1.8bn project for 116,000 homes

Egypt’s New Urban Communities Authority (NUCA) has launched a project valued at EGP16 billion ($1.8 billion) to build 116,000 housing units in 6th of October City for the middle-income segment, a report said. A total of 42,7

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Saudi Arabia to speed up Egypt investments

The Public Investment Fund (PIF) of Saudi Arabia has agreed to begin examining several investment opportunities in Egypt, a senior government official said. Minister of International Cooperation Sahar Nasr urged Saudi Arabia to ex

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Palm Hills denies report land sale cancelled

Beleaguered Egyptian property developer Palm Hills denied a newspaper report that the government cancelled a sale of land to the company, saying it still held the plot on Cairo's western edge. Financial daily Al Mal reported on Thursday th

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Egypt housing body cancels Palm Hills deal

Egypt's New Urban Communities Authority (NUCA) is cancelling a land contract with beleaguered property developer Palm Hills , financial daily Al Mal reported on Thursday.    'NUCA decided ... to cancel a contract fo

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Egypt court rejects TMG Madinaty appeals

An Egyptian court upheld on Tuesday a ruling that threatens Talaat Moustafa Group's (TMG) flagship project on the outskirts of Cairo, sending shares in Egypt's biggest listed developer sharply lower.    Building has already

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