The investment in the new cities extends well beyond real estate to encompass digital infrastructure, job creation, and the attraction of both ...

Egypt - Elevate Capital and members of the Moharram family have signed a definitive agreement to acquire 100% of Nile Scan ...

About 45 kilometres east of Cairo, in a stretch of desert that held nothing but flat, arid gravel and sand only a decade ago, ...

Cairo accelerates state asset sales under an IMF plan, targeting up to four major EGX listings by summer 2027.

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Egypt's new capital city is getting a $1 billion skyscraper which will ...

AMIR MAKAR / AFP Africa's tallest skyscraper and a planned artificial Nile: Egypt is building a new, ultra-modern capital city in the middle of the desert. Criticism of the mega-project is loud. blue ...

CAIRO (Reuters) - Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo, where the first residents are trickling in ...

CAIRO--(BUSINESS WIRE)--Avanz Capital Egypt announced today the establishment of Avanz Manara for Private Equity, Company Limited by Shares (Avanz Manara), an investment holding company established ...

Cairo: Egypt’s New Administrative Capital is steadily gaining political momentum through a growing number of official events that reinforce its standing both officially and publicly, although ...

First phase of project could be completed in 5 years Egypt’s new capital city moved a step closer to reality with the announcement that Chinese developers will largely fund the megaproject. The China ...

Development of phase 1 of the NAC will cost about $58 billion when complete in 2030. Basic infrastructure of the phase is complete, and construction on several buildings, including this ministerial ...