SODIC Waiting on Tenders for Land in Sheikh Zayed

• Wednesday, 30th November 2016
• by Karim Mohy

SODIC plans to compete for the development of 410 acres of land located in Sheikh Zayed, part of the second phase of projects offered by the New Urban Communities Authority (NUCA).

Redcon to Build 200 Units in Emaar Misr’s Mivida

• Wednesday, 30th November 2016
• by Karim Mohy

Redcon Construction has contracted with Emaar Misr to construct 200 residential units in Emaar’s Mivida project in New Cairo.

Heliopolis Housing to Offer 240,000 acres of Land for New Projects

• Wednesday, 30th November 2016
• by Karim Mohy

Heliopolis for Housing & Development (HHD) will be implementing several projects the upcoming period, including the construction of facilities for 240,000 acres located on Suez Road which are set to be offered to private investors soon, according to Wael Mahmoud the company’s Deputy of CEO.

Memaar Al Morshedy to Launch Residential Compound in 6th of October City

• Monday, 28th November 2016
• by Karim Mohy

Memaar Al Morshedy will launch a residential compound in 6th of October City, with investments exceeding EGP 1 bn in 2017.

Developers Extend Payment Plans to Offset Price Increases

• Monday, 28th November 2016
• by Karim Mohy

Amid increases in the prices of construction inputs due to the flotation of the pound, various real estate developers have resorted to different measures in order to compensate the additional costs, with increases in unit prices announced almost universally, while some developers have chosen to offset these price increases by extending installment plan periods.

Orascom Development to Build Residential Project in Senegal

• Monday, 28th November 2016
• by Karim Mohy

Orascom Development Holding will be finalizing an agreement with the Senegalese government to build a new project, similar to the company’s previous project Haram City, according to Samih Sawiris, the company’s CEO.

Micro Castle to Deliver Second Phase of Porto Perla in May 2017

• Monday, 28th November 2016
• by Karim Mohy

Micro Castle Co. for Real Estate Investment will be finalizing the second phase of its Porto Perla project in Alexandria in May 2017.

Housing Ministry Signs Protocol with Real Estate Chamber to Resolve Developers’ Issues

• Sunday, 27th November 2016
• by Karim Mohy

Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities and Tarek Shoukry, Head of the Chamber of Real Estate Developers at the Federation for Egyptian Industries, signed a cooperation protocol aiming to resolve challenges facing real estate developers.

ARCO Launches Final Phase of Le Reve Development in Kattameya

• Sunday, 27th November 2016
• by Karim Mohy

Al Arabia Real Estate and Development (ARCO) has launched the final phase of its project Le Reve at a total investment cost of EGP 1 bn.

3 Hotel Companies to Manage City Stars Al Sahel

• Sunday, 27th November 2016
• by Karim Mohy

Al Arabia Real Estate and Development (ARCO) has signed contracts with Fairmont Hotels, Raffles Hotels & Resorts, and Swissotel to handle management for City Stars Al Sahel in the North Coast.