Public Lottery for Dar Misr Units to Begin Thursday

• Tuesday, 6th December 2016
• by Farah Montasser

The public lottery for units in the Dar Misr middle-income housing project is set to start on December 8 and continue to December 18, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Mal reported

Capital Group to Invest $250 mn by Q1 2017

• Tuesday, 6th December 2016
• by Farah Montasser

Capital Group Properties (CGP) will be increasing its investments to a total of $ 250 mn by the first quarter of 2017, according to the company’s CEO Amgad Hassanein, reported Al Borsa

Administrative Capital Units to Go on Sale in Q1 2017

• Monday, 5th December 2016
• by Joana Saba

Administrative Capital for Urban Development is currently pricing the units in preparation to market them for sale in the first quarter of 2017, sources at the Ministry of Housing, Utilities, and Urban Communities said.

2,500 Acres to be Developed in New Assiut City

• Sunday, 4th December 2016
• by Farah Montasser

The New Assiut City Authority has completed the planning for 2,500 acres of land, as part of the expansion plan which will see the development of 30,000 acres, reported Al Borsa.

IGI to Build Residential Project in Gharbeya

• Thursday, 1st December 2016
• by Joana Saba

IGI for Real Estate has completed the master plan for a residential project that will be built on 60,000 square meters of unused land owned by the Arab Cotton Ginning Company in the governorate of Gharbeya, Yousef Mohamadi, the company’s Investor Relations Manager told Al Borsa.

Redcon to Build 200 Units in Emaar Misr’s Mivida

• Wednesday, 30th November 2016
• by Karim Mohy

Redcon Construction has contracted with Emaar Misr to construct 200 residential units in Emaar’s Mivida project in New Cairo.

Madbouly Approves Extending Project Deadlines for Contractors

• Wednesday, 30th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly approved extending project deadlines for contractors working on state projects for three months, and six months for projects involving electromechanical equipment, according to Hassan Abdel Aziz Chairman of the Egyptian Federation for Construction and Building Contractors.

Contractors to be Compensated for Losses on State Projects

• Tuesday, 29th November 2016
• by Karim Mohy

The Egyptian Federation for Construction and Building Contractors has reached agreements with official bodies to compensate contractors for losses incurred due to the increase in prices of building materials following the flotation of the local currency, according to Hassan Abdel Aziz head of the Federation.

Orascom Construction 3Q16 Net Income up 6.1% y-o-y

• Tuesday, 22nd November 2016
• by Karim Mohy

Orascom Construction earned $26 mn in net income in the third quarter of 2016, according to an earnings release on Tuesday, an increase of 6.1% year-on-year.

AMG to Oversee Green Area Project in 10th of Ramadan City

• Sunday, 20th November 2016
• by Karim Mohy

Amar Consulting Group will supervise the execution of Green Area residential project in the 10th of Ramadan City, at a total investment cost of EGP 120 mn.