Madbouly: NUCA’s Investment Budget for 2016 Registers EGP 37 bn
Sunday, 27th November 2016
The investment budget of the New Urban Communities Authority (NUCA) has grown from EGP 5 bn for 2013/2014 to EGP 6 bn at the end of 2014 to EGP 37 bn for 2016, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly speaking at a conference held by the American Chamber of Commerce in Egypt on Sunday dubbed “Sustaining the Real Estate Industry in Egypt”.
Sodic Q3 2016 Net Profit up 38% y-o-y
Wednesday, 16th November 2016
Sixth of October Development and Investment Company (Sodic) has recorded EGP 108 mn in net profit, marking a 38% year-on-year increase in the third quarter of 2016, according to an earnings release from the company on Tuesday.