News / Egypt

Qatari Diar Implements Phase I of CityGate in New Cairo

Qatari Diar Real Estate Investment Company announces the start of implementation of the first phase of the CityGate project in New Cairo at a value of EGP 1 bn, Invest-Gate reports.

BETA Egypt Signs A Protocol with HDB to Fund Units in 6th of October & Mostakbal City

Beta Egypt for Urban Development signs a protocol with the Housing and Development Bank (HDB) to fund units located at the company’s compounds in the October Gardens district and Mostakbal city in New Cairo, under the mortgage finance initiative led by the Central Bank of Egypt (CBE)

NUCA Allots 24 Plots in 14 New Cities

The Board of Directors of the New Urban Communities Authority (NUCA), in its meeting headed by Assem El Gazzar, Minister of Housing, Utilities and Urban Communities approves to allocate 24 plots in 14 new cities for mixed-use activities

Concept Developments to Deliver Phase I of Siela North Coast

Concept Developments plans to deliver the first phase of Siela project in North Coast in November, with 200 housing units representing about 30% of the total project units of 600 housing units, Invest-Gate reports.

Khaled Sabry Holding Kicks off Rayan Tower in NAC

Khaled Sabry Holding announces launching its Ryan Tower project at the New Administrative Capital’s central business zone, Invest-Gate reports.  

Nakheel Developments Showcases its Double Two Tower at Hazi Misr

Nakheel Developments to take part in the Hazi Misr Exhibition in Dubai, taking place fromOctober 28-30, showcasing its latest project Double Two Tower

Royal Developments Begins Excavation for its Next Projects in New Cairo

Royal Development begins excavation work for three separate projects in the Narges area in New Cairo

El Gazzar: Egypt to be Free from Unsafe & Slum Areas by End of 2021

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, declares that 2021 is the year of completing the development of unsafe areas, the re-housing of the residents of those areas with alternative housing units, and there is no citizen currently residing in an unsafe area

1st Phase at Udora by Hometown Developments is Sold Out

The first phase of Udora by Hometown Developments at the New Administrative Capital (NAC) is currently sold out; the company plans to launch the second phase of the project soon

Mountain View Hits 220% Increase In Sales, Y-O-Y

Mountain View logs EGP 14 bn of contractual sales within nine months in 2021, compared to EGP 6.4 bn during the same period last year, with a growth rate of 220%.

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