Housing Minister Meets a Delegation of French Businessmen and Officials

• Monday, 18th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, met with a delegation of French businessmen and company officials operating in the fields of construction, utilities, financial institutions, and advisory offices, on the sidelines of the French President’s visit to Cairo, reported Invest Gate.

Redcon Develops 3 New Administrative Buildings Worth EGP 640 M

• Sunday, 17th April 2016
• by Nadine Abou el Atta

Redcon Construction, an Egyptian-based company, is developing three new administrative buildings in New Cairo, with an investment worth EGP 640 million, according to Tarek El-Gammal, Chairman of Redcon, as reported by Amwal Al Ghad.

Ministry of Housing to Inaugurate Projects in Sinai Worth EGP 312 M

• Sunday, 17th April 2016
• by Nadine Abou el Atta

The Ministry of Housing, Utilities and Urban Development is preparing to launch numerous project in North and South Sinai worth EGP 312 million, announced a press release from the Ministry of Housing.

Ain Sokhna Sees Man-made Crystal Lagoons in Il Monte Galala Project

• Thursday, 14th April 2016
• by Nadine Abou el Atta

Developer of the patented Crystal Lagoons has collaborated with Tatweer Misr to develop the first man-made lagoons in Ain Sokhna mountains, Zawya reported.

New Alamein Projects to be Launched in 2017

• Wednesday, 13th April 2016
• by Nadine Abou el Atta

The Ministry of Housing, Utilities and Urban Communities plans to offer the first phase of the New Alamein city project in the first quarter (Q1) of 2017, reported Invest Gate.

‘Serenity’ and ‘Residence’, Latest Hyde Park Major Additions

• Monday, 11th April 2016
• by Nadine Abou el Atta

Chief Executive Officer of Egypt's Hyde Park Properties, Amine Serag, told Al Borsa News that the real estate company is heading towards further expansions in the Egyptian real estate market, through two new projects: "Serenity" and "Hyde Park Residence." Serag also said that his firm is looking forward to expanding throughout the country. “The firm has overcome logistical obstacles and is currently working on a plan to provide solid infrastructure for the Hyde Park projects,” Serag continued.

A Number of 2,448 Units Built in New Assiut

• Monday, 11th April 2016
• by Nadine Abou el Atta

The construction of 2,448 units, part of the social housing program in New Assiut, has been finalized; once delivered, construction companies assigned the project will begin constructing additional 5,136 units within the second phase of the program, over an area of 266 acres, in the south-eastern expansions in the city, Ahmed Omran, Head of Assiut Development Authority, told Invest Gate.

Egypt to Invest EGP 400 M in Connecting Cairo’s New Administrative Capital to Main City

• Saturday, 9th April 2016
• by Nadine Abou el Atta

The New Urban Communities Authority has announced a plan to reduce traffic congestion in New Cairo, as well as connect Cairo’s new administrative capital to the main city. The plan includes the digging of two tunnels, and the development of roads and squares, at a cost of EGP 400 million, Vice President of the New Urban Communities Authority, Kamal Fahmi told Invest Gate.

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.