Egypt real estate brief
Housing Minister Reviews Development, Investment and Utilities in New Suez and New Damietta
An RE brief based on a story published by Property Plus on 12 November 2026.
Read the full story at the sourceThe story in brief
Housing, Utilities and Urban Communities Minister Randa El-Menshawy reviewed field-tour findings in New Suez and New Damietta, covering development, investment, utilities and progress on ongoing projects. The review included tourism investment opportunities and a waterfront development plan in New Suez, alongside electricity, roads and services projects in New Damietta.
Why it matters for brokers
Ongoing projects in New Damietta include utilities in the East Horus area and the “Diarna” housing project. In New Suez, a waterfront development project is being prepared to create an integrated tourism and leisure destination and offer investment opportunities in the tourism and real-estate sectors.
RE's reading of the story. It is not part of the original report and not investment advice.