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SHMFF Attempts to Automate its Real Estate Financing Services

The Social Housing and Mortgage Finance Fund (SHMFF) has signed a cooperation protocol with the Ministry of Communications and Information Technology to automate its services, in a move aimed at developing a digital real estate financing system.

Hassan Allam Construction Gets Work on New Hospital in West Cairo

Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.

New Plan in Talks Over 2nd Real Estate Project in Port Said

New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.

Gov’t Pledges EGP 10 bn for Housing Sector: Cabinet Spokesman

Cabinet Spokesman Nader Saad has confirmed the allocation of EGP 10 bn for phase I of the development project of Egypt's provincial capitals and major cities, in line with the presidential directives for the optimal utilization of state assets and execution of new services and projects.

Reedy Intends to Deliver Phase I of New Cairo Project Before 2021

Egypt-based real estate developer Reedy Group has revealed plans to start handing over phase I of its contemporary gated community in New Cairo, or "Azzar," thereby delivering almost 70% of the project's total residential units.

EPIS 2020 Edition Bodes Well for Egypt’s Property Market

The 2020 edition of Egypt Property and Investment Show (EPIS) took place from December 3 to 6 to host a diverse range of real estate companies eager to jump back on track and lure as many buyers as possible after complete paralysis in the events business due to COVID-19 safety restrictions for more than six months.

Mountain View to Get Started on Heartwork Project in Q1 2021: Chairman

Mountain View Chairman Amr Soliman has unveiled plans to commence work on Egypt's “first international business hub” in New Cairo, called "Heartwork," in Q1 2021, in a bid for delivery before 2022.

NBK Sees COVID-19 Scars on Egyptian Economy Worn Off

The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.

Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.

Gov’t Pumps Almost EGP 2.2 bn Into Potable Water, Sewerage Projects

Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed that the total value of potable water and sewerage treatment projects in Port Said, Damietta, and Ismailia has so far amounted to EGP 2.164 bn.

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