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

Egypt to Partner with Saudi Arabia for Housing Projects

• Thursday, 22nd December 2016
• by Farah Montasser

Egypt and Saudi Arabia are joining forces to develop the Saudi housing sector, reported Okaz News

Real Estate Companies to be Compensated for their Losses

• Thursday, 22nd December 2016
• by Farah Montasser

Through recent mechanisms adapted by the Construction Companies’ Compensations Committee, the Egyptian government is to compensate real estate developers under government contracts for their losses, reported Daily News Egypt

Road Tunnels in Suez Canal to Cost Roughly EGP 18 to 19 bn

• Thursday, 22nd December 2016
• by Farah Montasser

At roughly an estimate of EGP EGP 18 to 19 bn, Arab Contractors, in partnership with Orascom Construction, are to implement two road tunnels as part of the Suez Canal project in Port Said, reports Al Mal

Moukhtar Ibrahim Co. Hits The New Capital With Six Residential Projects

• Thursday, 22nd December 2016
• by Farah Montasser

Egyptian Real Estate Developer Moukhtar Ibrahim is to set foot into the new Administrative Capital with six residential buildings at a total cost of EGP 75mn, reported Amwal El Ghad

Approximately 200,000 Social Housing Units Completed Across Egypt

• Wednesday, 21st December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly confirmed the completion of approximately 200,000 social housing units with plans to reach 500,000 homes by the end of 2017 during the 33rd Council of Arab Ministers of Housing and Construction held in Riyadh earlier this week, reported Invest-Gate

Egypt Showcases Housing developments at an Arab Council, Riyadh

• Tuesday, 20th December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly accompanied by a delegation from ministry headed to Riyadh, Saudi Arabia, to discuss the housing development in Egypt at the 33rd Council of Arab Ministers of Housing and Construction, Invest-Gate reports

Tunnel Projects Progress in Suez Canal

• Tuesday, 20th December 2016
• by Farah Montasser

Projects underneath the Suez Canal as part of the canal’s development, including its expansion of last year, are being implemented, Invest-Gate reports

New Fayoum Completes 307 Social Housing Units

• Tuesday, 20th December 2016
• by Farah Montasser

New Fayoum City has completed approximately 307 social housing units at a cost of EGP 40 mn, according to Ashraf Abdel Rahman head of the City’s Authority, reported Al Mal