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.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last week.

NUCA to Offer 500 Acres of Lands, New Cairo

• Tuesday, 3rd January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) is to offer 500 acres of lands dedicated for partnership projects with the private sector in New Cairo, Al Borsa reports

Coldwell Banker Reaps EGP 6 bn Profits in 2016

• Thursday, 29th December 2016
• by Farah Montasser

Coldwell Banker Egypt - New Homes for Investment and Real Estate Marketing has achieved profits worth of EGP 6 bn in 2016, making a EGP 2.2 bn increase compared to that of last year.

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, Invest-Gate reports

Cityscape: Egypt to Boost Investment Climate in 2017

• Wednesday, 28th December 2016
• by Farah Montasser

As Cityscape gears up to launch in March 2017, the annual regional real estate conference emphasizes Egypt’s role in reforming its economy through its real estate market, Daily News Egypt

Atlas to Build Residential Project in 6th of October City

• Tuesday, 27th December 2016
• by Farah Montasser

Atlas for Investment & Real Estate Development, a subsidiary of the public company, Atlas for Land Reclamation and Agricultural Processing, is to develop a residential project in 6th of October City at a total cost of EGP 250 mn, reported Al Borsa

New Compound Resorts to be Launched in 2017

• Sunday, 25th December 2016
• by Farah Montasser

Micro Castle Co. for Real Estate Investment along with Ibn Sina for Hotel & Real Estate Investments are scheduled to launch their latest developmental projects at Egypt’s summer destinations, the North Coast and Marsa Matrouh, in 2017, reported Invest-Gate