News / Investment

NBE Funded Purchase of 12,500 Units for Low-income Citizens

The National Bank of Egypt (NBE) has financed the purchase of 12,500 housing units for low-income citizens at a cost of over EGP 1 million, according to NBE Chairman Hisham Okasha.

ALDAU Development to Launch 2 Real Estate Projects

ALDAU Development, a subsidiary of Sami Saad Holding, is developing ALDAU Heights and ALDAU Strand, two real estate projects in Hurghada.

198 Plots to be Allocated Nationwide by Investment Authority

The General Authority for Investment and Free Zones (GAFI) is expected to allocate 198 land plots with a total area of 33.8 acres in September and October.

Indian Company to Launch Medical City in Egypt

India’s NMC Healthcare is expected to build an integrated Medical City in Egypt at a cost of $1.6 billion, Minister of Trade and Industry Tareq Qabil stated.

Egypt Receives First Segment of Saudi Loan for Developing Sinai

  • Wednesday, 31st August 2016
  • by Heba Eid
Egypt received EGP 2.664 billion ($300 million) from Saudi Arabia to develop the Sinai peninsula, announced Minister of International Cooperation Sahar Nasr.

Real Estate Prices Projected to Increase due to VAT, Pound Devaluation

The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.

NUCA Studies 70 Offers from Developers for PPP Projects

The New Urban Communities Authority (NUCA) is currently studying offers from 70 real estate developers for public-private partnership (PPP) projects.

World Bank Provide EGP 7.2 B in Loans to Housing Programs

The World Bank has provided EGP 7.2 billion ($ 800 million) to the Ministry of Housing programs, said Minister of International Cooperation Sahar Nasr.

Mortgage Firms Grant EGP 540M in 2016

Egyptian mortgage firms granted EGP 540 million during the first half of 2016, compared to EGP 542 million in the same half of the previous year.

Egyptians Rank Second Among Non-GCC Arab Investors in Dubai Real Estate

Investors from Egypt constitute the second largest number of non-GCC Arab investors in the Dubai real estate market, according to the Dubai Land Department.

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