75,563 Residential Units to be Connected to Sewage Grid

• Monday, 5th September 2016
• by Fatma Khaled

The construction work has been made to serve residents in 12 governorates including Portsaid, Suez, Kafr El sheikh, South SInai, Suhag, and Kena.

NUCA to Launch New PPP Projects in Upper Egypt

• Monday, 5th September 2016
• by Fatma Khaled

The new projects are to be located in several governorates across Upper Egypt

Suez Governorate Announce 47,000 Square Meters for Residential, Tourism Projects

• Sunday, 4th September 2016
• by Fatma Khaled

Approximately 47,000 square meters will be assigned for residential and tourism projects in Suez, which investors can reserve starting next month, stated Hassan Kamal, Head of Housing Committee in Suez.

198 Plots to be Allocated Nationwide by Investment Authority

• Sunday, 4th September 2016
• by Fatma Khaled

The General Authority for Investment and Free Zones (GAFI) is expected to allocate 198 land plots with a total area of 33.8 acres in September and October.

Cabinet Discusses Cairo Monorail Project with Canadian Company

• Sunday, 4th September 2016
• by Fatma Khaled

The Egyptian government and Canada’s Bombardier Inc. have discussed plans to build a 35 kilometer monorail on the borders of Cairo, a project that was previously announced in mid-2015, Cabinet spokesperson Hossam Kawish stated.

Indian Company to Launch Medical City in Egypt

• Sunday, 4th September 2016
• by Fatma Khaled

India’s NMC Healthcare is expected to build an integrated Medical City in Egypt at a cost of $1.6 billion, Minister of Trade and Industry Tareq Qabil stated.

Dar Misr Housing Project Enters New Work Phase

• Thursday, 1st September 2016
• by Heba Eid

There are 2,808 units undergoing finishing works in the first phase of Dar Misr Social housing program in Sherouk City, and 1,224 units being developed, said Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities.

EFSA Mortgage Activity Recorded EGP 564 M in 2016

• Thursday, 1st September 2016
• by Heba Eid

Mortgage finance activity for the first seven months of 2016 recorded EGP 564 million, compared to EGP 586 million in 2015, said Sherif Samy, Head of the Egyptian Financial Supervisory Authority (EFSA).

NUCA Extends Deadline for Dar Misr Unit Reservations

• Wednesday, 31st August 2016
• by Heba Eid

The Board of New Urban Communities Authority (NUCA) agreed to extend the period for the 20% reservation for Dar Misr, announced Mustafa Madbouly, Minister of Housing, Utilities and Urban Communities.

CBE Studies Modifying Mortgage Finance Initiative

• Wednesday, 31st August 2016
• by Heba Eid

The Central Bank of Egypt is studying amendments to the mortgage finance initiative introduced in 2014.