Housing Ministry to Offer Plots to Real Estate Investment

• Monday, 4th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is currently working on scanning and preparing a list of all land in Egypt that can be offered for real estate investment purposes, Assistant Minister of Housing for Technical Affairs, Khaled Abbas told Invest Gate in an exclusive statement.

Egyptian Mortgage Sector Sees 12% Growth

• Sunday, 3rd July 2016
• by Heba Eid

The Egyptian mortgage sector rose by 12% in the first 5 months of 2016, said Sherif Samy, Chairman of the Egyptian Supervisory Authority.

Madbouly Announces New Stage of PPP Propjects

• Sunday, 3rd July 2016
• by Heba Eid

A new phase of private-public partnership (PPP) projects will commence after Eid Al-FItr, announced Mostafa Madbouly, Minister of Housing, Utilities, and Urban Development.

Housing Ministry and World Bank Agrees on Indexing Property Prices in New Cities

• Sunday, 3rd July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities and the World Bank are currently working on a joint project to index prices of properties in news cities. The purpose of the project is to monitor the local real estate market trends.

UBE to Launch New Property Financing Product, Egara

• Sunday, 26th June 2016
• by Nadine Abou el Atta

A new property financing product, Egara, will be launched soon by the United Bank of Egypt (UBE) to finance residential units for low and medium-income individuals, according to Chairperson of UBE, Ashraf Al Kady, Daily News Egypt reported.

GAFI Discussions Ongoing to Develop Taba-Nuweiba Region

• Saturday, 25th June 2016
• by Nadine Abou el Atta

There are ongoing discussions by the General Authority for Investment (GAFI) to put Taba and Nuweiba on the global investment map for tourism and investment, said member of the Nuweiba-Taba Tourism Investors Association, Hany Gawish, according to Daily News Egypt.

NBE Allocates EGP 700M to Mortgage Finance

• Friday, 3rd June 2016
• by Invest Gate

The National Bank of Egypt (NBE) has allocated an amount of EGP 700 million, for the purchasing of 8,600 apartments within the Central Bank’s mortgage finance initiative, to provide housing for low and medium-income citizens.

Egyptian Mountain View, Saudi Sisban to Construct EGP 32B iCity

• Thursday, 26th May 2016
• by Invest Gate

The Minister of Housing, Utilities and Urban Communities announced in a press release Egypt’s biggest real estate project to date, the iCity. The project will be constructed through a partnership between Egyptian Mountain View and Saudi Sisbain.

Palm Hills to invest EGP 2B in 2016

• Tuesday, 24th May 2016
• by Invest Gate

Palm Hills is planning to invest EGP 2 billion ($225 million) within the current year.

Egypt to offer 49 Million Square Meters of Land to Tourism Investors within Days

• Thursday, 12th May 2016
• by Nadine Abou el Atta

The Egyptian government will offer a total of 49 million square meters of land to investors in the upcoming days, said Serag El Din Saad, Head of Tourism Development Authority (TDA), in an interview with Daily News Egypt.