NUCA to Establish a Company for Land Investment

• Thursday, 26th May 2016
• by Invest Gate

The Board of the New Urban Communities Authority (NUCA) has agreed in a meeting chaired by Moustafa Madbouly, the Minister of Housing, Utilities, and Urban Communities, on establishing a company dedicated to handling matters in relation to land allocation and investment throughout the country.

NUCA Contracted 242 Companies to Implement First Phase of Social Housing Project

• Saturday, 14th May 2016
• by Nadine Abou el Atta

The New Urban Communities Authority (NUCA) hired 242 private companies to develop the first phase of the social housing project, according to Moustafa Ibrahim, a member of the housing and utilities sector’s central administration at the Ministry of Housing, reported Daily News Egypt.

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.

SWA to Finalize Plans for 500 Acre Project

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

SWA, an international landscape architecture company, will finish development plans for a 500-acre project in New Cairo in June before the project’s introduction to the market in final quarter of 2016, said Yasseen Mansour, Palm Hills Chairperson, to Daily News Egypt.

State Launches New Land Tender in Dar Misr Housing Project

• Monday, 25th April 2016
• by Nadine Abou el Atta

Moustafa Madbouly, Minister of Housing, Utilities and Urban Communities, announced a new land tender conducted through the New Urban Communities Authority in cooperation with the General Authority for Investment. Lands offered are part of the first stage of the Dar Misr project.

Real Estate Companies Partner to Counter Escalating Land, Construction Prices

• Tuesday, 19th April 2016
• by Nadine Abou el Atta

Real estate companies are forming partnerships to increase their land portfolios despite the high land prices, said Maged Helmy, CEO of Wadi Degla Developments, reported Daily News Egypt.

Ministry of Housing Launches its Biggest Land Draw to Date

• Sunday, 17th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities launched the country’s biggest land tender on April 17. The draw includes 21,398 piece of land in 21 new cities, the ministry announced in a press release.

Presidential Decree Allows Industrial Lands to be Allocated to Investors For Free

• Wednesday, 13th April 2016
• by Nadine Abou el Atta

A presidential decree issued by President Abdel Fattah Al Sisi dictates that pieces of lands in some industrial zones can be allocated to investors at no cost. The decree was published in the state's official gazette.

Egyptian, Saudi Investors Voice Concerns over Obstacles

• Tuesday, 5th April 2016
• by Nadine Abou el Atta

A number of major real estate investors operating in Egypt have voiced concerns over obstacles affecting the growth of the industry, and hence their businesses. The most prominent of these obstacles include an increase in the price of land, lack of vision, and absence of trained labor, reported Daily News Egypt.