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.

Slum Areas Enhanced in Several Governorates for EGP 1.5 Bn

• Monday, 2nd January 2017
• by Farah Montasser

Several slum areas have been enhanced across the country including Cairo, Qaliubya, Alexandria, Port Said, and Kafr El Sheikh at a total cost of EGP 1.5 bn, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Borsa reports

Special Social Housing Units to be Implemented in Several Cities

• Monday, 2nd January 2017
• by Farah Montasser

The Ministry of Housing, Utilities, and Urban Communities is offering 35,000 social housing units for middle-income citizens in New Cairo, 6th of October City, Obour City, Badr City, New Minya, and New Damietta, reported Al Borsa

Madbouly Follows up on Construction Updates Across the Country

• Monday, 2nd January 2017
• by Farah Montasser

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly is following on current projects constructed in the new cities and on updates in Sheikh Zayed, according to a released statement, Invest-Gate reports

Egyptian Government to Adjust Building Contract Prices

• Sunday, 1st January 2017
• by Invest Gate

The Egyptian Cabinet has approved on adjusting prices of contracts for the implementation of 75,000 social housing units in 6th of October City, Badr City, and Obour City, to be revalued at EGP 145,000 per unit.

7,380 Houses in Al Asmarat Project to be Delivered in 2017

• Sunday, 1st January 2017
• by Invest Gate

A total of 7,380 houses will be delivered in Mokattam, as part of the third phase of the Al Asmarat project for the development of informal settlements, at the beginning of 2017, according to Cairo Governor Atef Abdel Hamid.