News / Egypt

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

Real Estate Chamber Obtains Approval for 2 New Offices

Egypt's Ministry of Housing, Utilities, and Urban Communities has approved the establishment of two headquarters for the Real Estate Development Chamber in the New Urban Communities Authority (NUCA) and the 6th of October City Development Authority's buildings

SODIC’s “The Estates” Records EGP 1 bn Presales

Sixth of October Development and Investment Company (SODIC) has achieved EGP 1 bn in presales of its all-villa signature community, “The Estates,” on September 28 during the first day of the launch

PHD Implements EGP 300 mn Hotels on North Coast

Palm Hills Developments (PHD) has invested nearly EGP 300 mn in the Egyptian hospitality industry to implement two niche boutique hotels within Hacienda White and Hacienda Bay, its flagship projects on the North Coast.

NUCA Acquires Additional Acres for New Mansoura

Egypt's cabinet has ratified to amend provisions of a presidential decree to reallocate 7,211.35 acres of state-owned lands in Dakahlia Governorate to the New Urban Communities Authority (NUCA), instead of 5,913 acres, for building New Mansoura.

New Aswan Sees Delivery of 1,506 Housing Units

The Ministry of Housing handed over on September 28 the first batch of social housing units in New Aswan to beneficiaries, presenting 1,506 out of the total 3,951 properties allocated to low-income citizens.

Brickzy Commercial Inks Deal for EGP 1.5 bn West Eleven

Kasr El Nile for Contracting and Engineering Designs has signed an agreement with Brickzy Commercial, a sister company of Brickzy Property Management, to manage and promote its new commercial and administrative project in 6th of October City, west Cairo, dubbed "West Eleven."

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