Madbouly Follows up on Construction Updates Across the Country

• Monday, 2nd January 2017
• by Farah Montasser

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly is following on current projects constructed in the new cities and on updates in Sheikh Zayed, according to a released statement, Invest-Gate reports

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, Invest-Gate reports

New Residential City to be Built in Beheira

• Wednesday, 28th December 2016
• by Farah Montasser

A new residential city to be built on an area of 330 acres and will include social housing units, special houses, and middle-income housing units in the governorate of Beheira at a total cost of EGP 8 bn, according to Medhat Fouad, general manager for the Investment Authority in Beheira, reported Al Borsa

El Sisi Inaugurates El Nasr Bridge, Port Said

• Wednesday, 28th December 2016
• by Farah Montasser

President Abdel Fattah El Sisi inaugurates major infrastructure developments in Port Said governorate, including Egypt’s first floating bridge, El Nasr Bridge, today, Invest-gate reports

Cityscape: Egypt to Boost Investment Climate in 2017

• Wednesday, 28th December 2016
• by Farah Montasser

As Cityscape gears up to launch in March 2017, the annual regional real estate conference emphasizes Egypt’s role in reforming its economy through its real estate market, Daily News Egypt

Alexandria 2032 Project to Initiate

• Tuesday, 27th December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly has signed a protocol with Minister of International Cooperation Sahar Nasr to formulate a strategic development plan titled Alexandria 2032 project, reported Invest-Gate

Illegal Buildings in Alexandria Cost EGP 200 bn

• Monday, 26th December 2016
• by Farah Montasser

Alexandria records around 65,000 unlicensed buildings have been developed and completed over the past five years at a cost of EGP 200 bn, Egyptian MP Tarek El Sayed announced on a televised interview.

Prices of Commercial Units at New Minya Increased

• Monday, 26th December 2016
• by Farah Montasser

Prices of commercial units at New Minya have increased during a public auction held last week, in which six units were auctioned between EGP 10,000 to EGP 13,000 per square meter, reported Al Mal

New Nubaria City to be Expanded

• Monday, 26th December 2016
• by Farah Montasser

As construction works commenced at New Nubaria City, the New Urban Communities Authority (NUCA) plans to expand the project and is currently studying means to include groundwater cabinets, reported Al Mal

New Land Plots to be Allocated in Four Cities in Upper Egypt

• Sunday, 25th December 2016
• by Farah Montasser

New Urban Communities Authority (NUCA) is to allocate approximately 5,347 land plots in social housing projects for middle-income citizens in four cities across Upper Egypt, reported Al Borsa