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Orascom Construction to build EGP 636 mn HDB HQ in new capital
Orascom Construction signed an agreement with the Housing & Development Bank (HDB) on Sunday to construct the bank’s headquarters in…
new administrative capital
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TE to complete work on gov’t district in NAC by end of 1H2020
State-owned landline monopoly Telecom Egypt (TE) expects to complete telecommunication services for the new administrative capital’s government district by the…
NBE issues EGP 1.75 bn letters of guarantees for monorail projects
The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a…
Telecom Egypt to begin working on EGP 40 bn new capital IT network
Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications…
Egypt approves six new contracts for NAC ‘Green River’ project
The Madbouly Cabinet has agreed to contract six companies to develop the “Green River” project in the new administrative capital…
State employees to move to Egypt’s new capital starting 1Q2020
Civil servants will gradually be transferred to the new administrative capital starting from 1Q2020, Deputy Housing Minister Khaled Abbas said,…
Pyramids Developments launch Paris East Mall in NAC
Pyramids Developments has launched the EGP 2 bn Paris East Mall in the new administrative capital, according to Zawya. Pyramids…
Egypt to announce new investment openings in new cities, administrative capital
Egypt will next week announce new investment openings and housing projects in a number of cities, including the new administrative…
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