Egypt launches phase two of Ataba area development in Cairo

Egypt has launched the second phase of developing the Ataba area in Cairo, as part of a government strategy to modernize urban markets and upgrade infrastructure in key commercial districts. Minister of Local Development and Environment Manal Awad announced the phase is fully funded under the ministry's investment plan.

Minister Manal Awad reviewed a report submitted by Saeed Helmy Abdel Khalek, head of the Strategic Management and Local Development Sector, outlining project progress. The current phase prioritizes rehabilitating core utility networks, including water supply and sewage systems, as a foundation for broader urban development.

Implementation is underway, with the Greater Cairo Water Company working on internal streets, particularly Youssef Naguib Street, while the Cairo Sewage Company has started operations on Qattawi Street. These efforts aim to boost service efficiency, improve infrastructure quality, and meet deadlines according to technical standards.

Awad emphasized adhering to timelines and delivering high-quality work, backed by ongoing field monitoring. She highlighted the need for tight coordination among agencies, especially on utilities, to ensure long-term sustainability and operational efficiency in the redeveloped area.

The Ataba project fits into a national vision to reorganize traditional markets, enhance the urban environment, and raise citizens' quality of life, in line with Egypt's sustainable development goals.

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Egypt’s Minister of Local Development and Environment inspected ongoing work on the second phase of Ataba Market redevelopment in Cairo, following the project’s launch in March.

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Manal Awad, Minister of Local Development and Environment, stated that the state prioritizes development in Upper Egypt governorates to improve citizens' quality of life and boost economic growth. Her comments came during a meeting with the head of the Upper Egypt Development Authority to enhance joint cooperation. These initiatives aim to create jobs and upgrade public services.

Egypt's Prime Minister Mostafa Madbouly chaired a meeting on Monday to follow up on the latest developments in the implementation of the Ras El Hekma project on the North Coast, as the government continues to monitor progress on one of its flagship coastal developments. The meeting was attended by ministers and officials from the United Arab Emirates and implementing companies. Madbouly stressed the government's commitment to closely monitoring progress to ensure implementation proceeds according to approved timelines.

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Egypt's Minister of Local Development and Environment Manal Awad chaired the first board meeting of the Bioenergy for Sustainable Development Foundation for the 2025-2026 fiscal year, focusing on scaling up biogas initiatives nationwide. The meeting approved the foundation's internal regulations, administrative structure, budget, and upcoming work plan to promote sustainable development and resource efficiency. Awad emphasized expanding biogas technology to generate energy and electricity while producing organic fertiliser, supporting sustainable agriculture, creating jobs, and mitigating waste's environmental impact.

Al Ismaelia for Real Estate Investment has secured financing from the European Bank for Reconstruction and Development (EBRD) to speed up its ESG-led redevelopment of heritage assets in Downtown Cairo. The deal was signed at Mazeej Balad by Karim Shafei, chairperson of Al Ismaelia, and Jean-Marc Peterschmitt, managing director for the corporate sector at EBRD.

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Egypt's Minister of Industry, Khaled Hashem, met with representatives of Elaraby Group, led by CEO Mohamed El-Araby, to review current operations, future expansion plans, and production challenges. The meeting covered upcoming projects in New Quesna City involving investments of about $480 million over the next five years, aimed at bolstering the home appliance sector and increasing local content to up to 90%.

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