CAPMAS: EGP 39.8 bn Invested in Real Estate Across Egypt in 2015

• Sunday, 4th December 2016
• by Joana Saba

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that real estate investments in Egypt have increased to from EGP 31.1 bn to EGP 39.8 bn from 2014 to 2015, marking a 27.1% increase, Daily News Egypt reports.

Housing Ministry Demands More Clout in New Investment Law -Sources

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities is seeking to expand its authority in offering lands through the General Authority for Investment and Free Zones (GAFI), as well as a greater role for the New Urban Communities Authority (NUCA) in the upcoming investment law currently being drafted, according to unnamed government sources.

Ministers of Investment, Housing Discuss New Investment Law

• Tuesday, 15th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with Minister of Investment Dalia Khorshid to discuss the newly drafted investment law that is currently being prepared by the Cabinet and is expected to be submitted for parliamentary approval.

Saudi Al Hokair to Execute Service Projects for EGP 500 mn in New Administrative Capital

• Wednesday, 19th October 2016
• by Joana Saba

The Administrative Capital Development Company estimated the cost of the service projects being executed by the Saudi Arabian Al Hokair Group to be EGP 500 mn, on 50 acres of land in the New Administrative Capital.

EFG Hermes Foundation Announces Milestone in its Al Makhzan Poverty Alleviation Program

• Sunday, 16th October 2016
• by Joana Saba

EFG Hermes Foundation announced the completion of a milestone in its Project Al Makhzan poverty alleviation program in Qena made possible by an EGP 9 million contribution by the Kuwaiti Initiative Group for the Support of the Egyptian People, according to Minister of Social Solidarity Ghada Waly.

Global Design to Supervise Construction of 2 New Hotels

• Sunday, 16th October 2016
• by Joana Saba

Global Design for Engineering Consultancy is partnering with several investors in the touristic sector to build two hotels at a cost of EGP 300 million.

Lands to be Offered in New Administrative Capital

• Thursday, 13th October 2016
• by Fatma Khaled

The government has approved offering lands for various activities to investors in the New Administrative Capital, according to Kamel Al Wazir, head of the Armed Forces Engineering Authority.

MFF Head: VAT, Dollar Value to Increase Real Estate Prices

• Wednesday, 12th October 2016
• by Fatma Khaled

The increasing value of the dollar and the new value-added tax (VAT) are expected to result in an increase in the prices of social housing units, according to Mai Abdel Hamid, Head of the Mortgage Finance Fund.

Tatweer Misr to Invest EGP 1.5 B in 2 Projects

• Wednesday, 12th October 2016
• by Fatma Khaled

Egyptian developer Tatweer Misr plans to develop two of its major projects, Fouka Bay and Il Monte Galala, with EGP 1.5 billion worth of investments next year.

Egyptian Construction Investment in Africa Remains Minimal

• Monday, 10th October 2016
• by Fatma Khaled

Only three construction companies, out of 25 companies based in Egypt, are commencing work in other African countries, according to Daker Abdullah a member of the Egyptian Federation for Construction and Building Contractors.