NUCA Pumps Over EGP 50 bn Investments in 2017

• Sunday, 25th December 2016
• by Farah Montasser

The New Urban Communities Authorities (NUCA) is to pump EGP 50 bn worth of investments in 2017 compared to this year’s EGP 37 bn, according to an unnamed source at the Ministry of Housing, Utilities, and Urban Communities, reported Al Borsa

Road Tunnels in Suez Canal to Cost Roughly EGP 18 to 19 bn

• Thursday, 22nd December 2016
• by Farah Montasser

At roughly an estimate of EGP EGP 18 to 19 bn, Arab Contractors, in partnership with Orascom Construction, are to implement two road tunnels as part of the Suez Canal project in Port Said, reports Al Mal

Moukhtar Ibrahim Co. Hits The New Capital With Six Residential Projects

• Thursday, 22nd December 2016
• by Farah Montasser

Egyptian Real Estate Developer Moukhtar Ibrahim is to set foot into the new Administrative Capital with six residential buildings at a total cost of EGP 75mn, reported Amwal El Ghad

Approximately 200,000 Social Housing Units Completed Across Egypt

• Wednesday, 21st December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly confirmed the completion of approximately 200,000 social housing units with plans to reach 500,000 homes by the end of 2017 during the 33rd Council of Arab Ministers of Housing and Construction held in Riyadh earlier this week, reported Invest-Gate

Egypt Showcases Housing developments at an Arab Council, Riyadh

• Tuesday, 20th December 2016
• by Farah Montasser

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly accompanied by a delegation from ministry headed to Riyadh, Saudi Arabia, to discuss the housing development in Egypt at the 33rd Council of Arab Ministers of Housing and Construction, Invest-Gate reports

Tunnel Projects Progress in Suez Canal

• Tuesday, 20th December 2016
• by Farah Montasser

Projects underneath the Suez Canal as part of the canal’s development, including its expansion of last year, are being implemented, Invest-Gate reports

New Fayoum Completes 307 Social Housing Units

• Tuesday, 20th December 2016
• by Farah Montasser

New Fayoum City has completed approximately 307 social housing units at a cost of EGP 40 mn, according to Ashraf Abdel Rahman head of the City’s Authority, reported Al Mal

Public Service Projects to be Implemented in New Assiut in 2017

• Tuesday, 20th December 2016
• by Farah Montasser

Approximately ten new land plots will be offered for public services to investors next year in efforts to meet the demand on commercial areas, public services, offices, and entertainment areas in New Assiut City, reported Al Mal

Egypt’s New Capital Completes 30% of its Infrastructure

• Wednesday, 14th December 2016
• by Farah Montasser

Approximately 30% of the first phase of Egypt’s Administrative Capital infrastructure has been completed, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly informed President Abdel Fattah Al Sisi, according to Al Borsa

New Land Prices to be Set in New Administrative Capital

• Tuesday, 13th December 2016
• by Farah Montasser

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to attract investors, reported Al Borsa