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.

Giza to Offer Land for Investment in New Industrial Areas

• Monday, 10th October 2016
• by Fatma Khaled

New investments opportunities are expected to be available in the industrial areas of Al Ayat, Al Saf and other area in the desert road located in Giza, according to Governor of Giza Kamal Al Daly.

EDFM Studies Utilizing New Lands for Real Estate Investment

• Wednesday, 5th October 2016
• by Fatma Khaled

East Delta Flour Mills (EDFM) is discussing the potential of utilzing 15 plots of land for real estate projects.

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.