Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 1,128 residential units (47 buildings) within phase II of Badr City's Dar Misr middle-income housing project are 95% complete.
Saudi Egyptian Developers (SED) has announced that its flagship project in the western desert extension of Lake Dairout, called "Sawary New Alexandria," has raised EGP 2.6 bn in sales in H1 2020, surmounting the Coronavirus-induced slump.
El Mostakbal for Urban Development has donated EGP 5 mn to Tahya Misr Fund, in an attempt to support the Egyptian government’s efforts in mitigating the impact of COVID-19 headwinds.
As part of our keenness to enhance and revolutionize the real estate industry, Invest-Gate is to launch its #DigitalWeek from July 19-22, presenting new innovative means through technology and smart solutions to take the property sector to its rightful course.
Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-square-meter gas service station.
The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).
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.
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.
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.
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).
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