News / Government

Al Sisi Increases Social Housing Units to 600,000

President Abdel Fattah Al Sisi decreed the increase of residential housing units in the first and second phase of the social housing program to 600,000 units to meet the citizens' demand.

NUCA to Launch Second Phase of PPP Projects

The New Urban Communities Authority (NUCA) agreed to launch the second phase of the public-private partnership (PPP) projects after the success of the first phase, said Mostafa Madbouly, Minister of Housing.

Second Phase of the Sahaba Project Launched

The second phase of developing the Sahaba Project was launched in the presence of Ahmed Adel Darwish, Vice Minister of Housing and Development of Urban Slums and Magdi Fouad Hejazi, Governor of Aswan.

NUCA Begins EGP 37B Developments

New Urban Communities Authority (NUCA) began to implement its EGP 37 million investment plan for the current fiscal year.

SDA Develops Projects in Suez Worth EGP 220M

Sinai Development Authority (SDA) is developing projects in Suez governorate worth EGP 220 million, said Mohamed Al Saka, SDA President.

NUCA Announces Reduction in Fines on Delayed Payments

The New Urban Communities Authority is reducing fines for citizens who owe two months worth of fees for residential or administrative or commercial units.

Slum Development Fund: EGP 470 M Towards South Sinai, Port Said

The slum development fund allocated EGP 470 million for the development of dangerous districts in Southern Sinai and Port Said.

NUCA Approves 4 Plots of Land for Japanese Model School System

The Board of Directors of the New Urban Communities Authority (NUCA) approved the allocation of 4 plots for the establishment of schools on the Japanese Model, announced Mostafa Madbouly, Minister of Housing.

Strategic Plans for New Obour City Underway

Strategic plans for New Obour City have officially begun and are expected to be finalized by 2018, Ragaa Fouad, Vice President of New Urban Communities Authority (NUCA).

CBE Pumps EGP 3.4B into Mortgage Finance Sector

The Central Bank of Egypt has loaned EGP 3.4 billion, through banks, to customers to purchase property under its mortgage initiative.

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