Buyers Hold to their Purchasing Power Despite Economic Challenges

• Tuesday, 10th January 2017
• by Farah Montasser

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

HHD and SODIC to Postpone Project Development in Heliopolis

• Tuesday, 10th January 2017
• by Farah Montasser

Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, Al Borsa reports

Arab Contractors to Develop Infrastructure Projects in New Capital and Suez Gulf

• Monday, 9th January 2017
• by Farah Montasser

Arab Contractors is to construct roads in the new Administrative Capital at a total investment cost of EGP 1.1 bn, company Chairman Mohsen Salah told Amwal El Ghad

SECON to Invest EGP 2 Bn in Egypt in 2017

• Monday, 9th January 2017
• by Farah Montasser

Saudi Egyptian Construction Company (SECON) is to pump investments worth EGP 2 bn worth of projects in Egypt during full-year 2017 in an effort to promote the company’s strategy to achieve revenues, according to Chairman Darwish Hassanein, Al Borsa reports

APG Finalizes Panorama Green Mountain Project

• Monday, 9th January 2017
• by Farah Montasser

Architecture and Planning Group (APG) has completed the construction of Nasr City’s Panorama Green Mountain Project at a total investment cost of EGP 600 mn, the company’s Branch Manager Mohamed Hassan told Amwal El Ghad

Reiada Joins Beit Al Watan with Utopia, New Cairo

• Sunday, 8th January 2017
• by Farah Montasser

At a investment cost of EGP 45 mn, Reiada for Real Estate is to develop Utopia, a mini compound as part of Bait Al Watan project , in New Cairo, Al Mal reported

Nasr Contracting to Construct 2 Residential Projects in Alexandria and Giza

• Thursday, 5th January 2017
• by Invest Gate

Nasr General Contracting Company (NGCC) will be launching two residential projects in Alexandria and Giza in 2017 in efforts to expand their investments in the real estate sector.

MNHD Contracts Increased to EGP 3.8 bn in 2016

• Wednesday, 4th January 2017
• by Invest Gate

The value of Madinet Nasr for Housing & Development’s (MNHD) contracts has increased to record EGP 3.8 bn, compared to the 2015 contracts which recorded EGP 876 mn.

Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

• Wednesday, 4th January 2017
• by Invest Gate

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.

Government Should Involve Private Sector in Housing Projects: Samih Sawiris

• Tuesday, 3rd January 2017
• by Farah Montasser

Business tycoon and Head of Orascom Development Sameh Sawiris urged the government to provide private companies with lands to help with the affordable housing project for low-income citizens.