Egypt to Expand in Urban Development to Meet 2052 Vision

• Tuesday, 17th January 2017
• by Yasmin El-Beih

Egypt is expected to increase urban development on 10,000 km of lands each three years in efforts to demolish slums and accommodate the rising Egyptian population that is expected to reach 160 million citizens by 2052, stated Fathallah Fawzy co-founder of MENA Group and former chairman of El Mostakbal Company for Urban Development at Cityscape’s Business Breakfast, Invest-Gate reports

300,000 Buildings Prone to Collapse, say experts

• Sunday, 15th January 2017
• by Yasmin El-Beih

There are 300,000 buildings in Egypt prone to collapse, Dr Hussein Gom’aa, head of the Egyptian Association for the Real Estate Heritage, told Invest-Gate.

Parliament’s Housing Committee Discusses Sanctions for Construction Violations

• Wednesday, 11th January 2017
• by Invest Gate

The House of Representative’s Housing Committee discussed a draft for a new, temporary eight-month law aiming to organize control over building violations.

Religious Developments to be Established in the Administrative Capital

• Sunday, 8th January 2017
• by Farah Montasser

The Armed Forces Engineering Authority have started implementing a mosque and a church, Saint Mark’s Cathedral, in the new Administrative Capital City at a total investment cost of EGP 400 mn, Al Borsa reported

Reiada Joins Beit Al Watan with Utopia, New Cairo

• Sunday, 8th January 2017
• by Farah Montasser

At a investment cost of EGP 45 mn, Reiada for Real Estate is to develop Utopia, a mini compound as part of Bait Al Watan project , in New Cairo, Al Mal reported

Over 2,000 Housing Units to be Constructed in New Akhmeem

• Sunday, 8th January 2017
• by Invest Gate

New Akhmeem City will be witnessing the implementation of 2,600 housing unit in as part of the first phase of Dar Misr project for middle income housing in the city, at a cost of EGP 300 mn, according to Hossam Fathy, Head of the City’s Authority.

Nasr Contracting to Construct 2 Residential Projects in Alexandria and Giza

• Thursday, 5th January 2017
• by Invest Gate

Nasr General Contracting Company (NGCC) will be launching two residential projects in Alexandria and Giza in 2017 in efforts to expand their investments in the real estate sector.

Nasr Contracting Wins Tender for 180 Acres in New Nubaria

• Wednesday, 4th January 2017
• by Invest Gate

The New Urban Communities Authority (NUCA) assigned tender for a facilities project that is set to be built on 180 acres in New Nubaria City to Nasr General Contracting Company (NGGC) at a cost of EGP 45 mn.

Government Should Involve Private Sector in Housing Projects: Samih Sawiris

• Tuesday, 3rd January 2017
• by Farah Montasser

Business tycoon and Head of Orascom Development Sameh Sawiris urged the government to provide private companies with lands to help with the affordable housing project for low-income citizens.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last week.