Al Futtaim Plans to Sign EGP 1 B in Contracts in 2016

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

Al Futtaim Real Estate intends to sign contracts worth EGP 1 billion in 2016, while also increasing investment in its Cairo Festival City projects by EGP 2 billion, for a total investment of EGP 19 billion, the company’s Managing Director Mohamed Al Mikawi told Daily News Egypt.

Egypt Establishes New Company to Manage the Administrative Capital

• Monday, 9th May 2016
• by Nadine Abou el Atta

A new company, Administrative Capital City for Urban Development, was founded to manage the proposed administrative capital city project, reported Invest Gate.

China’s CSCEC Finalizes Design of the Financial District of the New Administrative Capital

• Saturday, 7th May 2016
• by Nadine Abou el Atta

The Chinese company CSCEC has finalized the design of the financial district in the new administrative capital project, which includes 12 ministries, as well as some government departments and bodies Khaled Abbass, Assistant to the Minister of Housing, told Invest Gate.

Wadi Degla Eyes 2,500 Acres for New Projects using PPP system

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Wadi Degla Holding, an Egyptian real estate developer, is in discussions with the Ministry of Housing over 2,500 acres for new housing projects through the public-private partnership (PPP) system, Wadi Degla’s Chairman Maged Helmy told Amwal Al Ghad.

Construction in Administrative Capital Progressing

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Egyptian construction companies are now close to finalizing the drilling operations required for construction of the residential block in Cairo’s new administrative capital.

Al-Ahly Real Estate Inaugurates Platinum Club worth EGP 350 M

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

Al-Ahly for Real Estate Development, an Egyptian-based real estate developer, inaugurated in April its first sport facility, ‘Platinum Club,’ in New Cairo.

Ministry of Interior Presents Security Needs for New Administrative Capital

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

Moustafa Madbouly, Minister of Housing, Utilities and Urban Development, in cooperation with the Ministry of Interior officials, reviewed the plan for the security needs of the new administrative capital, according to the requirements of the Ministry of Interior.

EMAC Completes 121 Buildings in Egypt’s Low-Income Housing Scheme

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

EMAC Contracting, an affiliate of Kuwait’s Al Kharafi & Sons Group, concluded the construction of 121 residential buildings for the low-income earners, reported Amwal Al Ghad.

Misr Italia Pumps EGP 28 M of Investments into Mousa Coast

• Tuesday, 26th April 2016
• by Nadine Abou el Atta

The real estate company Misr Italia has recently pumped EGP 28 million of new investments into the second phase of a commercial center in Mousa Coast, a touristic city located in Ras Sudr.

Sama Group to Increase Investments in Egypt’s Real Estate Market

• Sunday, 24th April 2016
• by Nadine Abou el Atta

Sama Group for Properties Investment will soon implement three new real estate projects with investments worth EGP 5.5 billion, the group’s chairman Hassan Rateb told Al Mal.