Field News

06Jul 2015

A Ministry of Housing plan, assigned to the New Urban Communities Authority (NUCA) for the fiscal year (FY) 2014/2015, has been completely implemented at a cost of EGP 13bn, Minister of Housing Mostafa Madbouly announced in a statement Saturday. Madbouly added that NUCA is currently connecting facilities to land parcels allocated during the previous FY, […]

06Jul 2015

Nasr General Contracting (Hassan M. Allam) has started delivering the Shorouk Springs project in Shorouk City with a cost of EGP 1.7bn, according to Chairman Abdallah Khairy. Khairy said that Shorouk Springs was built in two phases, and includes residential units, townhouses and independent villas in a variety of sizes. The size of residential units […]

06Jul 2015

The government has allocated EGP 15.75bn in local financing towards an urgent national plan to implement sewage systems in villages over two fiscal years, according to Housing Minister Mostafa Madbouly. According to a cabinet statement, Prime Minister Ibrahim Mehleb met with Housing Ministry officials last Saturday in the presence of the Ministers of Irrigation, Housing, […]

06Jul 2015

Imported auto sales during the first five months of this year, recorded 60.3 thousand units, compared to 50.8 thousands during the same period of 2014 Imported cars have witnessed a 18.6% growth, compared a 7.2% decline in the locally assembled cars, to  53.8 thousand units, compared to 58 thousands during the first five months of […]

05Jul 2015

Banque Misr and the Heliopolis Association signed a cooperation protocol to finance the establishment of a science centre in the Children’s Civilisation and Creativity Museum, with a grant worth EGP 6m. The agreement was signed by: Mohamed Eletreby, Chairman of the Board of Trusteesof the Banque Misr Foundation for Community Development and Welfare (BMFCDW) and […]

05Jul 2015

The New and Renewable Energy Authority (NREA) plans to offer a tender to establish plants to generate solar and wind energy within weeks. NREA Head Mohamed Salah Sobky said the authority receives dozens of offers daily from Arab and foreign companies to establish the renewable energy plants with total capacities exceeding 2,000 MW. Rules regulating […]