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.

Egypt Receives First Segment of Saudi Loan for Developing Sinai

• Wednesday, 31st August 2016
• by Heba Eid

Egypt received EGP 2.664 billion ($300 million) from Saudi Arabia to develop the Sinai peninsula, announced Minister of International Cooperation Sahar Nasr.

Housing Ministry to Inaugurate 39 New Water Projects in Weeks

• Tuesday, 30th August 2016
• by Heba Eid

The Ministry of Housing, Utilities and Urban Communities, represented by the National Authority for Potable Water and Sewage is preparing to inaugurate 39 drinking water and sanitation projects in the coming weeks, said Minister of Housing Mostafa Madbouly.

Ministry of Housing’s Request to Build in Forest Protectorate Approved

• Monday, 29th August 2016
• by Heba Eid

The Cabinet approved the Ministry of Housing's request to utilize land in the Petrified Forest Protectorate in Cairo to establish residential units.

Real Estate Prices Projected to Increase due to VAT, Pound Devaluation

• Monday, 29th August 2016
• by Heba Eid

The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.

Cairo Governorate to Launch Land Tenders for 250 Acres

• Sunday, 28th August 2016
• by Heba Eid

The Cairo governorate is preparing to offer tenders for infrastructure and utility work on 250 acres for construction companies next month.

EGP 125M Dahab-Nuweiba Road Maintenance Project Inaugurated

• Sunday, 28th August 2016
• by Heba Eid

Minister of Transportation, Galal Said, and his Jordanian counterpart laid the foundation stone for a maintenance project designed to raise the efficiency of the 65 kilometer Dahab-Nuweiba road.