Minister of Housing: EGP 61 B Allocated for Social Housing in FY 2016/2017

• Wednesday, 6th April 2016
• by Nadine Abou el Atta

Minister of Housing, Utilities, and Social Development, Moustafa Madbouly, stated that the Board of Directors of the Social Housing Fund has amended the proposed Fund budget for the fiscal year (FY) 2016/2017 from EGP 33.5 billion to EGP 61 billion, reported Invest Gate.

Saudi Egyptian SECON Launches New Project in Egypt

• Tuesday, 5th April 2016
• by Nadine Abou el Atta

The Saudi Egyptian Construction Company (SECON) launched its newest project in Egypt, Riyadh-SECON, reported Daily News Egypt.

Construction of Cairo’s New Administrative Capital to Begin this Month

• Sunday, 3rd April 2016
• by Nadine Abou el Atta

Construction of the new administrative capital has officially begun. According to a statement by Mostafa Madbouly, Minister of Housing, four construction companies have been assigned with execution of the project’s first phase infrastructure, reported Akhbar Alakarat.