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.

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, Invest-Gate reports

15th of May City Social Housing Project Adds 336 Units

• Wednesday, 28th December 2016
• by Farah Montasser

As part of the city’s social housing project, 15th of May City is to add around 336 units across 14 residential buildings, reported Al Mal

New Residential City to be Built in Beheira

• Wednesday, 28th December 2016
• by Farah Montasser

A new residential city to be built on an area of 330 acres and will include social housing units, special houses, and middle-income housing units in the governorate of Beheira at a total cost of EGP 8 bn, according to Medhat Fouad, general manager for the Investment Authority in Beheira, reported Al Borsa

El Sisi Inaugurates El Nasr Bridge, Port Said

• Wednesday, 28th December 2016
• by Farah Montasser

President Abdel Fattah El Sisi inaugurates major infrastructure developments in Port Said governorate, including Egypt’s first floating bridge, El Nasr Bridge, today, Invest-gate reports

Cityscape: Egypt to Boost Investment Climate in 2017

• Wednesday, 28th December 2016
• by Farah Montasser

As Cityscape gears up to launch in March 2017, the annual regional real estate conference emphasizes Egypt’s role in reforming its economy through its real estate market, Daily News Egypt