Strategic Plans for New Obour City Underway

• Sunday, 24th July 2016
• by Invest Gate

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

• Thursday, 21st July 2016
• by Heba Eid

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

Social Housing Fund Approves Series of Low-Income Housing Projects

• Thursday, 21st July 2016
• by Joana Saba

A number of resolutions for social housing projects have been made by the Social Housing Fund, to serve low-income citizens according to certain criteria

NUCA Extends Payment Period for Winners in Dar Misr Housing Project

• Thursday, 21st July 2016
• by Joana Saba

The payment period for the winners of the first phase of the Dar Misr middle-income housing project has been extended to October 2016.

Ongoing Discussions on Unified Construction Law in Parliament

• Wednesday, 20th July 2016
• by Heba Eid

Discussions are currently underway in the parliament's Housing Committee on the unified construction law with five entities.

Social Housing Fund Allocates EGP 377M for Utility Infrastructure Work

• Wednesday, 20th July 2016
• by Heba Eid

The Social Housing Fund is allocating EGP 377 million to complete the utility infrastructure work for 15,700 social housing units in various governorates in Egypt.

Slum Development Fund to Take on EGP 190.5 M Project in Tal Al Aqareb

• Wednesday, 20th July 2016
• by Joana Saba

As part of the government’s bid to revamp informal settlements in Cairo, the Slum Development Fund is currently working on the development project of Tal Al Aqareb area in Al Sayeda Zeinab.

Madbouly Enforces State Control Over New Obour City Lands

• Tuesday, 19th July 2016
• by Joana Saba

Minister of Housing Moustafa Madbouly assigned Obour City Authority officials to enforce control over New Obour City lands.

Mortgage Finance Fund Launches 3 New Centers to Serve Social Housing Applicants

• Monday, 18th July 2016
• by Joana Saba

Three new centers were launched for applicants to social housing initiatives to mitigate overcrowding at the 15th of May City center.

Ministry Developing 10,000 Units in New Al Alamein City

• Monday, 18th July 2016
• by Heba Eid

The Ministry of Housing, Utilities, and Urban Development begins developing 10,000 units in New Al Alamein City at a cost of EGP 1.4 billion.