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

15th of May City Social Housing Project Adds 336 Units

• Wednesday, 28th December 2016
• by Farah Montasser

As part of the city’s social housing project, 15th of May City is to add around 336 units across 14 residential buildings, reported Al Mal

New Residential City to be Built in Beheira

• Wednesday, 28th December 2016
• by Farah Montasser

A new residential city to be built on an area of 330 acres and will include social housing units, special houses, and middle-income housing units in the governorate of Beheira at a total cost of EGP 8 bn, according to Medhat Fouad, general manager for the Investment Authority in Beheira, reported Al Borsa

Social Housing Units To Be Reserved This Saturday

• Wednesday, 28th December 2016
• by Farah Montasser

The Ministry of Housing Utilities, and Urban Communities makes this Saturday, December 30, the deadline for reserving social housing units in Dahshour, 6th of October City, Invest-Gate reports

El Sisi Inaugurates El Nasr Bridge, Port Said

• Wednesday, 28th December 2016
• by Farah Montasser

President Abdel Fattah El Sisi inaugurates major infrastructure developments in Port Said governorate, including Egypt’s first floating bridge, El Nasr Bridge, today, 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

Alexandria 2032 Project to Initiate

• Tuesday, 27th December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly has signed a protocol with Minister of International Cooperation Sahar Nasr to formulate a strategic development plan titled Alexandria 2032 project, reported Invest-Gate

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.