News / Investment
Egypt’s New Capital Completes 30% of its Infrastructure
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
MNHD Records Revenues of EGP 1.4 bn in November
Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt
New Land Prices to be Set in New Administrative Capital
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
ARCO Pursues Development in New Administrative Capital
With more lands up for grabs next year, ARCO for real estate development is pursuing investment in the new Administrative Capital City, reported Al Borsa
Social Housing Land Plots to be Allocated December 19
Egypt’s social housing project continues with more land plots to be offered through a public lottery held from December 19 until December 27, according to a statement from Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly
Ardic Sells 600 Units in Zizinia New Cairo
Ardic for Real Estate Development has sold a total of 600 out of 1,800 units in its Zizinia project in New Cairo, and is studying increasing the EGP 8,000 price per meter square as a result of the recent economic decisions, reported Al Borsa
Coldwell Banker to Promote Projects Worth EGP 7 bn in 2017
Coldwell Banker expects to promote projects worth EGP 7 bn during 2017, compared to EGP 5.5 bn during 2016, reported Al Borsa
Real Estate Appraisal Association Demands Increase in Assessment Fees
The Real Estate Appraisal Association has requested that banks increase real estate assessment fees by 100% following the flotation of the Egyptian pound, reported Al Mal
