Mortgage Companies Provide EGP 783 mn by October 2016

• Tuesday, 6th December 2016
• by Farah Montasser

Total real estate funding activity amounted to EGP 783 mn in the first 10 months of 2016, compared to last year’s EGP 732 mn, marking a 7% increase, according to Sherif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), reported Arab Finance

Sheikh Zayed City Demands EGP 100 mn for Projects Development

• Tuesday, 6th December 2016
• by Farah Montasser

Sheikh Zayed City Authority has requested of Planning, Monitoring and Administrative Reform an additional budget worth of EGP 100 mn as part of the city’s current budget that is allocated for Dar Misr project , an electricity station, and a central park, reported Al Borsa

2,500 Acres to be Developed in New Assiut City

• Sunday, 4th December 2016
• by Farah Montasser

The New Assiut City Authority has completed the planning for 2,500 acres of land, as part of the expansion plan which will see the development of 30,000 acres, reported Al Borsa.

Planned Sewage Projects in Giza and Qaliubiya 50% Completed

• Thursday, 24th November 2016
• by Karim Mohy

The National Authority for Potable Water and Sewage has completed 50% of its planned sewage projects in governorates of Giza and Qaliubiya, according to unnamed sources.

Housing Ministry to Invest EGP 2.6 bn in Sohag Projects

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities will launch social housing projects in Sohag at a cost of EGP 2.6 bn, as well as sewage and water plants projects for low-income residents.

1,100 Residential Units to be Constructed in Gulf of Suez

• Thursday, 10th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) allocated 1,100 residential units to be constructed by International Construction for Contracting and El Shark Real Estate, as part of the second phase of the social housing project located in the Gulf of Suez City.

Housing Minister Meets with World Bank Delegation

• Tuesday, 1st November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with an evaluation delegation from the World Bank to discuss projects that are set to be undertaken in the drinking water and sewage sectors.

Sewage Project Tenders to be Offered to Developers

• Tuesday, 1st November 2016
• by Karim Mohy

The Housing Ministry will be offering tenders to developers next January in efforts to implement sewage projects in village of Al Rahawy in Giza, which is financed by the Kuwait Fund at a cost of KWD 45 mn.

Kattameya International Capital Airport to be Completed Soon

• Sunday, 30th October 2016
• by Karim Mohy

Construction continues apace on the new International Capital Airport in Kattameya, expected to serve the new Administrative Capital and encourage tourism, reported Al Mal reported on Thursday.

Water, Sewage Projects to be Implemented in Dakahlia

• Sunday, 30th October 2016
• by Karim Mohy

A total of 31 sewage and water projects will be developed in the governorate of Dakahlia at a cost of EGP 2.4 bn in addition to a number of social housing units.