Egypt joins forces with UAE for Upcoming Investments

• Tuesday, 27th December 2016
• by Farah Montasser

Egypt strengthens ties with the UAE for upcoming investments, both Egyptian Minister Housing, Utilities, and Urban Communities Mostafa Madbouly, and UAE Ambassador Gomaa Mubarak confirmed, Invest-Gate reported

Social Housing Fund to Receive Rent Payments Electronically

• Monday, 26th December 2016
• by Farah Montasser

The Social Housing Fund is to collaborate with the Housing & Development Bank to receive rent payments of residential units owned by the fund electronically, reported Invest-Gate.

Illegal Buildings in Alexandria Cost EGP 200 bn

• Monday, 26th December 2016
• by Farah Montasser

Alexandria records around 65,000 unlicensed buildings have been developed and completed over the past five years at a cost of EGP 200 bn, Egyptian MP Tarek El Sayed announced on a televised interview.

Prices of Commercial Units at New Minya Increased

• Monday, 26th December 2016
• by Farah Montasser

Prices of commercial units at New Minya have increased during a public auction held last week, in which six units were auctioned between EGP 10,000 to EGP 13,000 per square meter, reported Al Mal

New Nubaria City to be Expanded

• Monday, 26th December 2016
• by Farah Montasser

As construction works commenced at New Nubaria City, the New Urban Communities Authority (NUCA) plans to expand the project and is currently studying means to include groundwater cabinets, reported Al Mal

New Land Plots to be Allocated in Four Cities in Upper Egypt

• Sunday, 25th December 2016
• by Farah Montasser

New Urban Communities Authority (NUCA) is to allocate approximately 5,347 land plots in social housing projects for middle-income citizens in four cities across Upper Egypt, reported Al Borsa

NUCA Pumps Over EGP 50 bn Investments in 2017

• Sunday, 25th December 2016
• by Farah Montasser

The New Urban Communities Authorities (NUCA) is to pump EGP 50 bn worth of investments in 2017 compared to this year’s EGP 37 bn, according to an unnamed source at the Ministry of Housing, Utilities, and Urban Communities, reported Al Borsa

Revenues from Exporting Construction Materials Doubled in 2016

• Sunday, 25th December 2016
• by Farah Montasser

Egypt’s exports of construction and building materials has reached EGP 41.93 bn in 2016 compared to last year’s EGP 21.93 bn, according to Export Council for Building, Refractory and Metallurgy Industries (ECBM), reported Daily News Egypt

Egypt Invests EGP 110 bn in New Cities

• Thursday, 22nd December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) has currently invested EGP 110 bn to develop 30 cities across the country, featuring public services, facilities, and housing projects and another EGP 70 bn for basic foundations.

Four Land Plots to be Offered in Beni Suef

• Thursday, 22nd December 2016
• by Farah Montasser

The governorate of Beni Suef, in Upper Egypt, will be offering four land plots, ranging from 2,900 to 4,600 square meters, for commercial use next February, according to Al Borsa