World Bank Delegation Follows Up on Rural Sanitation Program

• Sunday, 4th December 2016
• by Joana Saba

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with a World Bank delegation to discuss updates on the Rural Sanitation Program that was signed earlier this year.

800 Acres of Lands to be Developed in New Fayoum City

• Thursday, 1st December 2016
• by Joana Saba

New Fayoum City will be offering a tender to engineering consulting companies for plans to develop 800 acres of land located within the city next month, reported Al Borsa.

2,500 Acres of Lands Offered to Investors in New Cities

• Thursday, 1st December 2016
• by Joana Saba

The Ministry of Housing, Utilities, and Urban Communities will be offering 2,500 acres of land in new cities in January, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities, reported Daily News Egypt.

2,000 Social Housing Units to be Implemented in New Qena City

• Wednesday, 30th November 2016
• by Karim Mohy

A total of 2,000 social housing units will be developed in New Qena City at a total cost of EGP 290 mn by Al Khalifa Housing for Real Estate Investment and the Assiut Businessmen's Association, according Ahmed Arafa, head of the New Qena Authority.

Madbouly Approves Extending Project Deadlines for Contractors

• Wednesday, 30th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly approved extending project deadlines for contractors working on state projects for three months, and six months for projects involving electromechanical equipment, according to Hassan Abdel Aziz Chairman of the Egyptian Federation for Construction and Building Contractors.

Contractors to be Compensated for Losses on State Projects

• Tuesday, 29th November 2016
• by Karim Mohy

The Egyptian Federation for Construction and Building Contractors has reached agreements with official bodies to compensate contractors for losses incurred due to the increase in prices of building materials following the flotation of the local currency, according to Hassan Abdel Aziz head of the Federation.

Wednesday Marks Last Day to Reserve Social Housing Units for Rent

• Tuesday, 29th November 2016
• by Karim Mohy

Around 6,800 applicants have reserved social housing units that are offered for rent, as the deadline for reserving these units is next Wednesday, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

New Residential Compound to be Launched in New Nubaria

• Tuesday, 29th November 2016
• by Karim Mohy

A new residential compound is expected to be launched in New Nubaria City at a total investment cost of EGP 50 mn, according to Mahmoud El Nagdy, Head of the New Nubaria City Authority.

Recent Economic Decisions to Benefit the Real Estate Sector -Coldwell Banker

• Tuesday, 29th November 2016
• by Karim Mohy

Several factors are expected to contribute to growth of real estate sector, such as the upcoming International Monetary Fund (IMF) loan, the flotation of the pound, and the Cabinet’s economic reform program, according to Coldwell Banker Chairman Mohamed Abdullah.

CBE Announces Unified Conditions for Real Estate Financing

• Monday, 28th November 2016
• by Karim Mohy

The Central Bank of Egypt (CBE) has announced unified conditions that banks should abide by when providing real estate financing for citizens with limited incomes, according to a statement released by the CBE.