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Shuaa Repels Hikes in Property Prices Under Fuel Price Rises

Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventually lead to a slowdown in sales.

SODIC Establishes New Sporting Club in West Cairo

Sixth of October for Development and Investment (SODIC) celebrated the soft opening of a new upscale sports facility, named "Club S,” aiming to meet the needs of the 15,000 current residents of its flagship projects in Sheikh Zayed, Allegria and SODIC West.

CCR Uncovers Frontgate Mall in NAC

Egypt-based Capital Construction and Real Estate (CCR) has announced the launch of Frontgate Mall in the New Administrative Capital's (NAC) MU23 District.

Egypt Investment Map Phase II Kickstarts with 2,000 New Opportunities

Minister of Investment and International Cooperation Sahar Nasr uncovered on July 15 the second phase of Egypt’s investment map, adding up 2,000 new investment opportunities to the Egyptian market.

SODIC, NUCA Agree to Change Land Use of Al Yosr’s Plot

Sixth of October for Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) have agreed on changing the land use of an agricultural plot, located in Sheikh Zayed and owned by the former's subsidiary, Al Yosr for Projects and Agricultural Development, to residential.

ACUD Says 22 Foreign Embassies Requested Moving to NAC

The Administrative Capital for Urban Development (ACUD) has received 22 requests from foreign embassies in Egypt to acquire lands in the New Administrative Capital (NAC), east Cairo.

ARDIC Uncovers New Phase at Zizinia El Mostakbal

ARDIC for Real Estate Development and Investments launched on July 10 a new phase in Zizinia El Mostakbal in Mostakbal City, east Cairo, totaling nearly EGP 1 bn, in a ceremony held in the presence of a number of real estate marketing firms.

Pyramids Developments Begins Constructing 4th Mall in NAC

Egypt-based Pyramids Developments began on July 10 construction works at its fourth commercial project in the New Administrative Capital (NAC), dubbed "Paris Mall," at an investment value of EGP 2 bn.

Six Provinces to See EGP 113.3 mn Infrastructure Development Projects

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investments amounted at EGP 113.3 mn.

Gov’t to Offer Over 9,834 Housing Units in Port Said, Damietta

The board of directors of Social Housing and Mortgage Finance Fund has approved offering more than 9,834 residential units in Port Said and Damietta provinces, with areas varying between 105 and 120 square meters, as part of the state's efforts to provide a plethora of both social housing and investment units.

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