Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches by next June.
The online reservation of 6,101 residential units, located in 13 new cities within Sakan Misr and Dar Misr middle-income housing projects, has commenced as part of the state's plans to accommodate families of all income brackets.
Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.
Egypt's government has outlined a comprehensive plan to remove encroachments on the Nile River and completely overhaul the site as a first step toward implementing "Ahl Masr Corniche," or People of Egypt Walkway, running between Cairo and Aswan.
The New Urban Communities Authority's (NUCA) planning and projects sector has facilitated the promulgation of ministerial approvals for the implementation of about 109 urban and service investment projects across 17 new cities in 2019.
Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.
CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country
Misr Italia Properties (MIP) has launched new e-services through the latest "Loyalty Program," kicking off in collaboration with Egypt’s digital payments company Fawry.
The National Company for Housing for Professional Syndicates (NHPS) has approved on December 26 an offer submitted by IMEX International to the National Bank of Egypt (NBE) to purchase Le Méridien Heliopolis.
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