El-Gazzar Nods to One-Month Extension to Reservation Payment for Land

• Thursday, 27th April 2023
• by Invest Gate

Minister of Housing Assem El-Gazzar approves a one-month extension to the reservation payments for small residential plots of land in new cities, Invest-Gate reports.

NUCA Offers New JANNA Units in Sheikh Zayed, 6th of October

• Wednesday, 19th April 2023
• by Invest Gate

Assem El Gazzar, the Minister of Housing, announces that the New Urban Communities Authority (NUCA) is preparing to launch a number of housing units within the JANNA housing project in Sheikh Zayed and 6th of October cities, Invest-Gate reports.

US Commercial Real Estate Debt Hits $1.5 tn

• Monday, 10th April 2023
• by Invest Gate

The investment bank estimates that valuations of retail and office properties could drop 40% from peak to trough, increasing the risk of default.

El-Gazzar Directs for Fast Implementation of NAC’s Employee Residential Units

• Thursday, 6th April 2023
• by Invest Gate

Assem El-Gazzar, Minister of Housing, directs for a fast-paced execution of units in the second phase of New Administrative Capital employee residences in Badr City, Invest-Gate reports.

European Central Bank Warns of Investing in Real Estate Funds

• Tuesday, 4th April 2023
• by Invest Gate

The European Central Bank (ECB) warns of funds that invest in commercial real estate, considering it a threat to financial stability after it has grown significantly over the past decade.

El-Gazzar Meets CSCEC’s GM to Inspect Progress in CBD

• Sunday, 2nd April 2023
• by Invest Gate

Assem El-Gazzar, Minister of Housing holds a meeting with Zhao Boa, General Manager of the China State Construction Engineering Corporation (CSCEC), to follow up on the executive position of the Central Business District (CBD) project, in the New Administrative Capital, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

• Sunday, 2nd April 2023
• by Invest Gate

MNHD Rebrands to Madinet Masr, Signaling New Era of Geographic Expansion

• Thursday, 30th March 2023
• by Invest Gate

The decision to rebrand to Madinet Masr reflects the company’s vision to take its success to a much larger scale.

El-Gazzar Announces Offering 481 Land Plots

• Tuesday, 21st March 2023
• by Muhammad Khalid

He adds that 146 premium plots are offered in the 6th of October, October Gardens, Shrouk, Obour, and the 10th of Ramadan cities.

NUCA Approves EGP 145.5 Bn Budget for FY 2023/2024

• Tuesday, 14th March 2023
• by Invest Gate

Minister of Housing and Chairperson of the NUCA, Assem El-Gazzar, notes that the new budget is 139% higher than the budget approved for FY 2019/2020.