Construction Work Following 2015 Taba’s Flooding Edges at EGP 250 M

• Wednesday, 1st June 2016
• by Invest Gate

The cost of construction work to repair the damage from last flood in Taba has reached EGP 250 million. Renovation work includes 11 dams and 3 lakes.

Egyptian Mountain View, Saudi Sisban to Construct EGP 32B iCity

• Thursday, 26th May 2016
• by Invest Gate

The Minister of Housing, Utilities and Urban Communities announced in a press release Egypt’s biggest real estate project to date, the iCity. The project will be constructed through a partnership between Egyptian Mountain View and Saudi Sisbain.

UAE’s CGP Announced Tender for Construction of Alburouj Project

• Sunday, 22nd May 2016
• by Invest Gate

Capital Group Properties (CGP), a real estate development company owned by Abu Dhabi Capital Group (ADCG) and Al Ain properties, has announced a tender for the construction of the first phase of its latest project Alburouj.

Palm Hills Plans to Establish a Base in Dubai

• Sunday, 15th May 2016
• by Nadine Abou el Atta

Palm Hills Development (PHD), an Egyptian real estate developer, is planning to open a company in Dubai, reported The National.

Extensive Campaign to Remove All Trespasses on Ismailia Road

• Sunday, 15th May 2016
• by Nadine Abou el Atta

The Ministry of Housing announced that all trespasses residing on the Ismailia Desert Road will be removed, reported Invest Gate.

NUCA Contracted 242 Companies to Implement First Phase of Social Housing Project

• Saturday, 14th May 2016
• by Nadine Abou el Atta

The New Urban Communities Authority (NUCA) hired 242 private companies to develop the first phase of the social housing project, according to Moustafa Ibrahim, a member of the housing and utilities sector’s central administration at the Ministry of Housing, reported Daily News Egypt.

Sisi Inaugurates Projects in Badr City

• Thursday, 12th May 2016
• by Nadine Abou el Atta

President Abdel Fattah El Sisi inaugurated 32 new projects in Badr City, located in north eastern Cairo. The projects will be carried out by Egypt’s Armed Forces Engineering Authority (AFEA), according to a government press release.

Orascom Construction to Borrow EGP 800 M from OFID

• Wednesday, 11th May 2016
• by Nadine Abou el Atta

Orascom Construction Industries (OCI) is about to secure a loan worth up to EGP 800 million ($90 million) from OPEC Fund for International Development (OFID) and the European Bank for Reconstruction and Development (EBRD), according to Al Mal News.

SWA to Finalize Plans for 500 Acre Project

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

SWA, an international landscape architecture company, will finish development plans for a 500-acre project in New Cairo in June before the project’s introduction to the market in final quarter of 2016, said Yasseen Mansour, Palm Hills Chairperson, to Daily News Egypt.

Abraj Misr Signs EGP 300 M Contracts for The Shore

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

Abraj Misr, an Egypt-based real estate developer, signed contracts worth EGP 300 million for construction work in The Shore, its North Coast project, said Tarek Bahaa, Abraj Misr commercial director, according to Amwal Al Ghad.