Mortgage Financiers Provide EGP 2.5 M for Citizens Earning Under EGP 2,500

• Tuesday, 4th October 2016
• by Fatma Khaled

Mortgage finance companies have provided only EGP 2.5 million to citizens with incomes lower than EGP 2,500 during the first eight months of 2016, according to the Egyptian Financial Supervisory Authority.

NBE Studies Funding 1,000 Units for Low-income Citizens

• Tuesday, 4th October 2016
• by Fatma Khaled

The National Bank of Egypt is assessing the possibility of providing EGP 10 million to fund 1,000 residential units for low-income citizens as part of a real estate initiative introduced by the Central Bank of Egypt.

Alkan Group Launches $600 M Citadel Plaza Project

• Tuesday, 4th October 2016
• by Fatma Khaled

Alkan Holdings Group is set to finalize Citadel Plaza, a five-star hotel, within five years at a cost of $600 million.

China Finances New Administrative Capital

• Monday, 3rd October 2016
• by Fatma Khaled

A Chinese construction company, China Fortune Land Development, will invest $20 billion in Egypt’s New Administrative Capital.

World Bank Follows Up on Social Housing Projects

• Monday, 3rd October 2016
• by Fatma Khaled

A World Bank delegation visited Egypt to follow up on the progress of the Social Housing Project, to which it has provided with financing worth $500 million.

Madbouly: Housing Ministry Allocates EGP 37 B Budget to NUCA

• Thursday, 29th September 2016
• by Fatma Khaled

The Ministry of Housing, Utilities, and Urban Communities has allocated a budget of EGP 37 billion to the New Urban Communities Authority (NUCA) this year in a plan to attract new investments and implement projects.

HCCD Subsidiaries Sign EGP 3 B Worth of Contracts

• Thursday, 29th September 2016
• by Fatma Khaled

Subsidiaries of the Holding Company for Construction and Developments (HCCD) have signed contracts worth EGP 3 billion for projects to be completed in a year and a half, according to Mohamed Hegazy, CEO of HCCD.

NUCA Installs Monitor Control Devices in New Cities

• Tuesday, 27th September 2016
• by Fatma Khaled

The New Urban Communities Authority (NUCA) will supply and install 315 electronic remote street lighting, monitoring, and control devices within new cities.

Abraj Misr’s Total Investments Record EGP 7 B

• Thursday, 22nd September 2016
• by Fatma Khaled

Abraj Misr has announced that total investments in Egypt are currently worth EGP 7 billion ($788.2 million), with plans to take over the development of government-owned projects.

20,000 SQM of Land Allocated for Public Services in Sharm El Sheikh

• Tuesday, 20th September 2016
• by Fatma Khaled

The General Authority for Tourism Development has ceded 20,000 square meters of its land in favour of establishing public services in the Nabaq area of Sharm El Sheikh.