Nasr Contracting to Construct 2 Residential Projects in Alexandria and Giza

• Thursday, 5th January 2017
• by Invest Gate

Nasr General Contracting Company (NGCC) will be launching two residential projects in Alexandria and Giza in 2017 in efforts to expand their investments in the real estate sector.

NUCA Prices 36 Acres of Lands in Beni Suef for German-Egyptian Consortium

• Wednesday, 4th January 2017
• by Invest Gate

The New Urban Communities Authority (NUCA) is close to finalizing the pricing for 36 acres of land in New Beni Suef City that were sold to Al Arabia for Investment Industry and Abu Shedid for Trade- Frankfurt Germany in foreign currency.

MNHD Contracts Increased to EGP 3.8 bn in 2016

• Wednesday, 4th January 2017
• by Invest Gate

The value of Madinet Nasr for Housing & Development’s (MNHD) contracts has increased to record EGP 3.8 bn, compared to the 2015 contracts which recorded EGP 876 mn.

Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

• Wednesday, 4th January 2017
• by Invest Gate

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last week.

Demand on Real Estate Increases 3% in December

• Tuesday, 3rd January 2017
• by Farah Montasser

A 3% increase in real estate demand has been noted in December 2016 compared to the 1.5% recorded in November of the same year, according to a released statement by Aqar Map, Invest-Gate reports

Coldwell Banker Reaps EGP 6 bn Profits in 2016

• Thursday, 29th December 2016
• by Farah Montasser

Coldwell Banker Egypt - New Homes for Investment and Real Estate Marketing has achieved profits worth of EGP 6 bn in 2016, making a EGP 2.2 bn increase compared to that of last year.

New Investment Law Approved

• Thursday, 29th December 2016
• by Farah Montasser

Egyptian Cabinet has approved the new Investment Law, according to Investment Minister Dalia Khorshid, reported Egypt’s National TV EgyNEws

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, Invest-Gate reports

Cityscape: Egypt to Boost Investment Climate in 2017

• Wednesday, 28th December 2016
• by Farah Montasser

As Cityscape gears up to launch in March 2017, the annual regional real estate conference emphasizes Egypt’s role in reforming its economy through its real estate market, Daily News Egypt