NUCA to Collaborate with Mountain View to Develop iCity Project

• Monday, 6th June 2016
• by Invest Gate

The New Urban Communities Authority (NUCA) Board will issue within days a ministerial order to develop the iCity project with investments worth EGP 31.97 billion ($ 3.6 billion), in collaboration with the Saudi-Egyptian Alliance Mountain View-Sisban.

Government, Developers Begin Pricing Negotiations over Administrative Capital Land

• Monday, 6th June 2016
• by Invest Gate

Administrative Capital City for Urban Development, the company managing the new administrative capital, has started negotiations with real estate developers over pricing dynamics of lands in the new capital.

Parliament Approves King Salman’s Sinai Development Program

• Sunday, 5th June 2016
• by Invest Gate

In a plenary session, the Egyptian parliament approved a report presented by the legislative and constitutional affairs committee on a Saudi-Egyptian loan for a development program of the Sinai Peninsula.

Over 200 Thousand Show Interest in Government Land Lottery

• Tuesday, 31st May 2016
• by Invest Gate

211,759 citizens have withdrawn conditions pamphlets for the recently announced land lottery by the Housing and Development Bank, 146,869 of which were for the social housing lots, 38,302 were for the premium lands, and 26,588 were for the most distinct, reported Invest Gate.

Housing Minister Extends Deadline for Dar Misr Payments to January 2017

• Sunday, 29th May 2016
• by Invest Gate

The New Urban Communities Authority (NUCA) board chaired by Minister of Housing, Utilities, and Urban Communities, Moustafa Madbouly, approved the extension of the payment deadline for Dar Misr social housing project to the 1st of January 1st, 2017, upon delivery of units.

Slum Development Fund to Develop El Kassara Area in Beheira

• Thursday, 26th May 2016
• by Invest Gate

Slum Development Fund and Beheira Governorate have announced plans to develop El Kassara area in the city of Rashid, as it is considered hazardous. The area suffers from sewage and drainage problems which led to the deterioration of the buildings.

EU Grants Egypt EGP 15M for Slums Development

• Tuesday, 24th May 2016
• by Invest Gate

The European Union has granted Egypt EGP 15 million for the development of small and medium-sized infrastructure projects targeting three areas in Greator Cairo.

2,568 Residential Units to be Offered in Madinaty and Rehab

• Monday, 23rd May 2016
• by Invest Gate

Moustafa Madbouly, Minister of Housing, Utilities, and Urban communities, announced the offering of 2,568 residential units in the suburbs of Madinaty and Rehab extension in new Cairo, reported Invest Gate.

Approval of Rent Scenario for Social Housing Project

• Saturday, 21st May 2016
• by Invest Gate

The Board of the Social Housing Fund has approved offering a portion of the social housing project for rent. The move is designed to aid citizens of provinces with extreme poverty, reported Invest Gate.

Extensive Campaign to Remove All Trespasses on Ismailia Road

• Sunday, 15th May 2016
• by Nadine Abou el Atta

The Ministry of Housing announced that all trespasses residing on the Ismailia Desert Road will be removed, reported Invest Gate.