Day: August 16, 2026

Finance Minister Ahmed Kouchouk said the government is working to simplify customs concepts and procedures to ensure consistent customs practices and facilitate processes for investors, as part of an integrated institutional reform strategy aimed at improving customs awareness among employees and investors. Kouchouk said in a statement on Sunday that…

Egypt’s Minister of Industry Khaled Hashem inspected the manganese alloy plant operated by Sinai Manganese Company during his first visit to the Abu Zenima Industrial Zone in South Sinai, reviewing the company’s production operations and expansion plans, including a target to raise annual production capacity to 50,000 tonnes by the…

Saudi Arabia-headquartered East Consulting Engineering Company (ecec) has signed a memorandum of understanding (MoU) with Siemens Smart Infrastructure to expand technical cooperation across key sectors in the Kingdom, including energy, industry, water, data centers, and mechanical, electrical, and plumbing (MEP) projects. The agreement was signed by Hisam Siddiqui, Chief Commercial…

Al Rehab Developments is preparing an expansion plan for the Egyptian real estate market, with a focus on Sadat City, as the company seeks to grow its investment portfolio, which currently stands at around EGP 5bn. With more than nine years of experience in the market, the company currently has…

Ahmed Elbatrawy, CEO and Founder of Egyptian Real Estate Platform, said the future of Egypt’s real estate market is closely tied to the sector’s ability to adopt technology and apply it effectively, stressing that digital transformation could help position real estate as one of the country’s strongest sources of economic…

Zawaya Developments and EDIC Developments have formed a strategic partnership to develop SIA Boulevard, a mixed-use project in 6th of October City, with total investments of EGP 3.5bn. Located at Al-Najda Square, the project will include retail, office, medical, hospitality, and entertainment components. Construction and excavation works are currently underway,…

Delays in the delivery of real estate projects in Egypt are not merely construction-related issues but are closely linked to financing structures, risk management, and corporate governance, Basem El-Sherbiny, Founder and CEO of Etqan Consultancy, said. El-Sherbiny explained that buyers purchasing off-plan units often base their investment plans, expected rental…