Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that phase I of Badr City's Sakan Misr middle-income project, which comprises 1,272 apartments, reached a completion rate of 96%.
Minister of Housing, Utilities, and Urban Communities Assam El Gazzar has confirmed that New Damietta witnessed the finalization of a total of 10,476 social housing units in 2019.
The government is working on developing a total of 26,064 residential units in New Cairo's Sakan Misr and JANNA public housing projects, with investments estimated at EGP 9 bn
Prime Minister Mostafa Madbouly has mandated the free allocation of four public lands in the Red Sea resort of Hurghada to the Social Housing and Mortgage Finance Fund (SHMFF).
Brickzey Property Management CEO Ahmed Selim said the company logged EGP 3.5 bn worth of sales in 2019, marking an EGP 1 bn hike compared with the year-ago period.
The second edition of International Property Show (IPS) Riyadh, KSA, generated contractual sales surpassing EGP 600 mn from December 12 to 14, 2019.
The New Urban Communities Authority (NUCA) pumped investments worth EGP 33 bn into different projects nationwide in the prior six months, planning to direct an additional EGP 44 bn by the end of July 2020.
Madinet Nasr for Housing and Development (MNHD) recorded a 15% boost in its presales activities (i.e primary contracts and reservations) year-on-year to log EGP 6.3 bn in 2019.
Egytech Cables, a subsidiary of Egypt's Elsewedy Electric, has inked an EGP 1.2 bn deal to upgrade Cairo Regional Control Center on a turnkey basis.
City Edge Developments (CED) said its board of directors (BoD) has approved the appointment of former Investment Minister Ashraf Salman as the company's chairman to replace Hassan Ghanem, who had been selected for the post last month.
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