Day: August 18, 2026

Talaat Moustafa Group’s (TMG) SouthMed project recorded EGP 118bn in sales since the beginning of 2026, raising its cumulative sales to EGP 520bn since its launch, as the North Coast accounted for 33 percent of total sales among Egypt’s top 10 real estate developers during the first half of the…

Egypt is preparing to launch a fourth national drainage programme targeting the construction, rehabilitation and replacement of subsurface drainage networks across 1.4 million feddans, Water Resources and Irrigation Minister Hani Sewilam said. Sewilam instructed officials to accelerate preparations for the programme during a meeting reviewing the work of the Egyptian…

Egypt’s top 10 real estate developers recorded combined sales of approximately EGP 670bn in the first half (H1) of 2026, up from around EGP 651bn in H1 2025, representing a 2.9% year-on-year increase, according to a report by market research firm The Board Consulting. The top 10 developers recorded sales…

Egypt’s Ministry of Local Development and Environment is developing local climate action plans for Qena and Kafr El-Sheikh governorates through 2035, including adaptation and emissions-reduction projects that could be linked to international climate finance. Local Development and Environment Minister Manal Awad discussed the proposed plans during a virtual meeting with…

Prime Minister Mostafa Madbouly witnessed the handover of the leadership of the Suez Canal Economic Zone (SCZONE) between newly appointed chairperson Mostafa Sheikhoun and outgoing chairperson Waleid Gamal El-Din. Madbouly received Sheikhoun following a presidential decree by President Abdel Fattah Al-Sisi appointing him as the new chairperson of SCZONE, alongside…

The Cabinet Media Centre has highlighted key industrial investment opportunities and advantages across Upper Egypt, including infrastructure and logistics, investment incentives and efforts to develop skilled workers, which it said are strengthening the region’s ability to attract investment, expand industrial activity and create jobs. The centre said efforts to promote…

Egypt has launched its first offering of industrial land under a new lease-to-own system, comprising 540 plots with a combined area exceeding 5.7 million sqm across 20 industrial zones in 15 governorates nationwide. The offering, introduced by the Industrial Development Authority (IDA), aims to ease the initial financial burden on…

Egypt is accelerating the construction of fourth-generation cities and the modernisation of vital infrastructure along its North Coast to drive sustainable economic development and attract local and foreign investments, government officials announced on Tuesday. The updates were presented during a meeting chaired by Prime Minister Mostafa Madbouly at the government…

Egypt launched a mobile application for real estate transactions on Tuesday to provide faster and easier services to citizens, a move unveiled by Prime Minister Mostafa Madbouly during the inauguration of a new Premium Tax Services Center in New Alamein City.   Developed to support the state’s efforts to simplify…