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Gama Construction to Execute EGP 1.5 bn Smart Village East

Egypt's real estate developer Capital Group Properties (CGP) has awarded an EGP 1.5 bn contract to Gama Construction for the execution of “Smart Village East Business Park," located west Cairo.

Emaar-El Nasr Arbitration Proceedings Suspended

Emaar Misr for Development, a unit of Dubai's Emaar Properties, announced the legal proceedings regarding the case filed by state-owned El Nasr Housing and Development have been suspended for another four weeks “with the purpose of reaching a settlement"

HHD Calls for Private Partner to Take Over Management

Heliopolis Housing and Development (HHD) announced its invitation for private investors to qualify as eligible bidders to take over the company's management

Gov’t Launches Website to Monitor Foreign Investments

Ministry of Investment and Intenational Cooparation has announced the launch of a new website to establish an integrative database for direct and indirect foreign investments, Invest-Gate reports.

Upper Egypt Sees 9 New Cities Underway

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said works on nine new cities in upper Egypt are currently underway, with total investments valued at EGP 11 bn

City Centre Almaza Officially Opens to Public

UAE-based real estate developer and retail giant Majid Al Futtaim officially opened the doors of its EGP 9.35 bn City Centre Almaza shopping mall in Heliopolis, east Cairo, on September 30.

Inertia’s The Cribs Among Final Candidates for Cityscape Awards

Egypt's property developer Inertia announced that its The Cribs Neighborhood project in Jefaira, located on the North Coast, has been a finalist at the Cityscape Awards for the Emerging Markets for future residential projects

Six Faculties Now Operational in New Aswan

The Ministry of Housing, Utlities, and Urban Communities revealed that six faculties are now fully operational in the 98-acre Aswan University in New Aswan

Gov’t Issues Booklet on Reconciliation in Building Violations Law

Egypt’s housing ministry has issued a frequently asked questions (FAQs) booklet for queries on “reconciliation in building violations” law, which aims to legalize the status of violators’ properties.

CIRA Inks EBRD Funding Deal for University in Upper Egypt

Cairo for Investment and Real Estate Development (CIRA) signed an agreement with the European Bank for Reconstruction and Development (EBRD) for an EGP-denominated facility worth EUR 25 mn ( EGP 442.78 mn) to set up a university in west Assiut’s Nasser City

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