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El-Sisi Inaugurates Al Asmarat 3 for Slum Residents

President Abdel-Fattah El-Sisi has inaugurated phase III of Mokattam's Al Asmarat housing project, which comes on the back of the state's efforts to combat informal settlements and build new homes for slum residents.

Egypt Implements 1 mn Supportive Housing with Over EGP 200 bn

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 1 mn residential units are underway, at combined costs exceeding EGP 200 bn, as part of the efforts to present decent housing for slum dwellers as well as lower- and middle-income people.

Gov’t Extends Online Reservation for New Mallawi Plots

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced the extension of the online reservation period for 204 land plots in Upper Egypt's New Mallawi for an additional week.

Egypt Leads MENA in Property Investment in 2019: Dhaman

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has uncovered that three MENA counties managed to solely move the needle on property investment in 2019, led by Egypt by a significant margin at USD 7.1 bn (EGP 113.7 bn).

Amer Group Names Porto Club for Sports Investment CEO

Amer Group has announced the appointment of Hassan Elaroussy as the CEO of its subsidiary Porto Club for Sports Investment, aiming to develop a sporting club in its Porto Said project on the Mediterranean Sea.

MNHD’s Presales Jump 83% in H1 2020

Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.

Gov’t Figures Fees for Reconciliation in Building Code Violations

Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications can start paying their charges on July 15.

IDG Presents Egypt’s 1st Eco-Sustainable Industrial Park

Industrial Development Group (IDG) has announced the launch of Egypt’s first eco-sustainable park, called "e² Alamein," to be developed over 2.7 square kilometers in the North Coast's New Alamein.

CBE Gets Go-Ahead to Extend EGP 30 bn for Extra Social Housing

The Central Bank of Egypt (CBE) has been given the green light to extend EGP 30 bn, partly borne by the finance ministry, for subsidizing the execution of 250,000 social housing units nationwide until 2023.

El Gazzar Says 2,500 Houses for Giza Slum Dwellers 37% Done

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 2,500 houses are under construction in October Gardens, designated for Giza's informal housing residents, hitting a completion rate of 37%.

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