Social Housing Projects Commence in Sales and Development

• Wednesday, 14th December 2016
• by Farah Montasser

Around 270,000 low-income citizens have placed total installments of EGP 1.08bn on 400,000 social housing units located in the new cities, reported Daily News Egypt

Egypt’s New Capital Completes 30% of its Infrastructure

• Wednesday, 14th December 2016
• by Farah Montasser

Approximately 30% of the first phase of Egypt’s Administrative Capital infrastructure has been completed, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly informed President Abdel Fattah Al Sisi, according to Al Borsa

MNHD Records Revenues of EGP 1.4 bn in November

• Wednesday, 14th December 2016
• by Farah Montasser

Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt

New Land Prices to be Set in New Administrative Capital

• Tuesday, 13th December 2016
• by Farah Montasser

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to attract investors, reported Al Borsa

Half a Million Social Housing Units Being Implemented Across Egypt

• Tuesday, 13th December 2016
• by Farah Montasser

Approximately half a million social housing units are currently being implemented in different phases, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly at the second international conference for cooperative housing, reported Invest-Gate

Housing Ministry Offers Unsubsidized Social Housing Units

• Monday, 12th December 2016
• by Farah Montasser

The Ministry of Housing, Utilities and Urban Communities is offering new unsubsidized social housing units targeting citizens with monthly incomes ranging from EGP 4,000 to EGP 5,000, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, reported Al Borsa

Development Tenders to be Offered within Several Cities

• Monday, 12th December 2016
• by Farah Montasser

Tenders will be offered to the Egyptian Federation for Construction & Building Contractors (FCBC) members, to develop different infrastructure projects within the social housing project at New Borg El Arab City, according to Head of the City’s Authority Ahmed El Desouky, reported Al Mal

ARCO Pursues Development in New Administrative Capital

• Monday, 12th December 2016
• by Farah Montasser

With more lands up for grabs next year, ARCO for real estate development is pursuing investment in the new Administrative Capital City, reported Al Borsa

Over 2,000 Land Plots to be Offered in 10th of Ramadan City

• Sunday, 11th December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) will be launching 2,224 land plots in the 10th of Ramadan City for applicants who previously applied in May 2016 lottery but did not win, according to a statement from Minister of Housing, Utilities and Urban Communities Mostafa Madbouly

Ardic Sells 600 Units in Zizinia New Cairo

• Wednesday, 7th December 2016
• by Farah Montasser

Ardic for Real Estate Development has sold a total of 600 out of 1,800 units in its Zizinia project in New Cairo, and is studying increasing the EGP 8,000 price per meter square as a result of the recent economic decisions, reported Al Borsa