SWA to Finalize Plans for 500 Acre Project

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

SWA, an international landscape architecture company, will finish development plans for a 500-acre project in New Cairo in June before the project’s introduction to the market in final quarter of 2016, said Yasseen Mansour, Palm Hills Chairperson, to Daily News Egypt.

Egypt Establishes New Company to Manage the Administrative Capital

• Monday, 9th May 2016
• by Nadine Abou el Atta

A new company, Administrative Capital City for Urban Development, was founded to manage the proposed administrative capital city project, reported Invest Gate.

Egypt’s Mortgage Sector Rose by 30 % in 2016

• Sunday, 8th May 2016
• by Nadine Abou el Atta

First quarter mortgage activity in Egypt rose by 30 percent, said Sherif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), according to Amwal Al Ghad.

China’s CSCEC Finalizes Design of the Financial District of the New Administrative Capital

• Saturday, 7th May 2016
• by Nadine Abou el Atta

The Chinese company CSCEC has finalized the design of the financial district in the new administrative capital project, which includes 12 ministries, as well as some government departments and bodies Khaled Abbass, Assistant to the Minister of Housing, told Invest Gate.

Wadi Degla Eyes 2,500 Acres for New Projects using PPP system

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Wadi Degla Holding, an Egyptian real estate developer, is in discussions with the Ministry of Housing over 2,500 acres for new housing projects through the public-private partnership (PPP) system, Wadi Degla’s Chairman Maged Helmy told Amwal Al Ghad.

Construction in Administrative Capital Progressing

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Egyptian construction companies are now close to finalizing the drilling operations required for construction of the residential block in Cairo’s new administrative capital.

Egypt’s Ministers Fly to UAE to Boost Investment

• Thursday, 28th April 2016
• by Nadine Abou el Atta

Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu Dhabi on April 27 to follow up on potential UAE partnerships in development and investment projects.

Ministry of Interior Presents Security Needs for New Administrative Capital

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

Moustafa Madbouly, Minister of Housing, Utilities and Urban Development, in cooperation with the Ministry of Interior officials, reviewed the plan for the security needs of the new administrative capital, according to the requirements of the Ministry of Interior.

Ministry of Housing Announces New Infrastructure Projects Worth EGP 1.8 B

• Tuesday, 26th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, announced that the ministry, represented by the Central Agency for Reconstruction, is preparing for the opening of a number of nationwide projects, at a cost of up to EGP 1.845 billion, to coincide with Sinai Liberation holiday celebrations.

State Launches New Land Tender in Dar Misr Housing Project

• Monday, 25th April 2016
• by Nadine Abou el Atta

Moustafa Madbouly, Minister of Housing, Utilities and Urban Communities, announced a new land tender conducted through the New Urban Communities Authority in cooperation with the General Authority for Investment. Lands offered are part of the first stage of the Dar Misr project.