Real Estate Leasing Contracts Record EGP 10.4 bn

• Tuesday, 1st November 2016
• by Karim Mohy

Real estate leasing contracts have recorded EGP 10.4 bn from January to August 2016, according to Sherif Samy Chairman of Egyptian Financial Supervisory Authority (EFSA).

Edmag Misr Pumps EGP 205 mn for Projects in North Coast, Matrouh

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian real estate company Edmag Misr is set to provide EGP 205 mn in investments for projects in Matrouh and the North Coast next year, according to Mahmoud Zayed, the company’s CEO.

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly trying to intervene before the company takes action.

4 Companies Eligible for Construction of Hypermarket in New Fayoum

• Sunday, 30th October 2016
• by Karim Mohy

Four real estate companies were deemed eligible by the Development Agency of New Fayoum City to construct a new hypermarket on a 10,000 square meter land plot.

New Residential Complexes Planned for 6th of October City, Abbassiya

• Thursday, 27th October 2016
• by Karim Mohy

Housing & Real Estate Investment Company says it is building a new residential compound in 6th of October City set for completion in early 2017.

Real Estate Expo to Launch on November 3 in Maadi Club

• Thursday, 27th October 2016
• by Karim Mohy

Real Estate Expo is set to take place on November 3 at the Maadi Club to serve as an exhibition for the country’s most prominent real estate developments. The exhibition also aims to spotlight various payment methods to reportedly cater to all segments of buyers.

Inertia Egypt to Deliver West Hills and G Cribs Units

• Thursday, 27th October 2016
• by Karim Mohy

Egyptian real estate developer Inertia Egypt has started handing over units in its West Hills development in Giza and the second phase of its G Cribs development in Gouna.

Madbouly Vows to Resolve Contractors’ Issues

• Wednesday, 26th October 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with Hassan Abdelaziz, head of the Egyptian Federation for Construction and Building Contractors to resolve contractors’ issues, especially with regard to the increase of building material prices and the decrease of the Egyptian pound against the dollar.

Secon to Offer Tenders on New Residential Project in 4 Months

• Wednesday, 26th October 2016
• by Karim Mohy

The Saudi Egyptian Construction Co. (Secon) will offer tenders for the second and third phase of its Riyadh residential project in New Cairo within the next four months.

NUCA Appoints 4 Contractors for Projects in New Cairo

• Wednesday, 26th October 2016
• by Karim Mohy

New Urban Communities Authority (NUCA) has assigned four contractors to implement projects for the Bait Al Watan project at a cost of EGP 160 mn and which will include electricity, sewage, and other facilities in New Cairo.