Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced a two-month extension period for applicants who applied for the residential units previously provided in a number of new cities to complete or update the required data
The Central Bank of Egypt (CBE) released a regulation doubling mortgages up to 10% of commercial banks’ lending portfolios, up from the previous 5%, Invest-Gate reports.
Deputy of Minister of Housing, Utilities, and Urban Communities for National projects Khaled Abbas said that a total of 7,056 fully-finished social housing units, out of the planned 8,064, are completed, in New Aswan city, Invest-Gate reports.
The Arab Company for Hotel & Tourism Investment (ICON), a subsidiary of Talaat Mostafa Group (TMG), and the Egyptian General Company for Tourism and Hotels (EGOTH) have inked a deal to establish a 5-star hotel on Sultana Malak land in Luxor, Invest-Gate reports.
Chairman of the Administrative Capital for Urban Development (ACUD) Ahmed Zaki Abdeen, along with Al-Ahram Institution CEO Abdel-Mohsen Salama, inaugurated on February 20 the first real estate exhibition dedicated to the New Administrative Capital (NAC)
MG Developments intends to launch a new phase in the Blue Blue resort during the first half of this year, with investments amounting to EGP 750 mn
Beta Egypt for Urban Development has been awarded the ISO 9001: 2015 certification for urban development projects including residential communities and commercial buildings
Egypt-based Mabany Edris plans to launch a fully-integrated development project in New Assiut, Upper Egypt, Invest-Gate reports.
Cityscape Egypt will launch its ninth edition at Egypt International Exhibition Center (EIEC) from March 18 to 21, wherein over 62 local and international exhibitors will take part and new projects will be unveiled
Port Ghalib Resort, a subsidiary of Kuwait's M.A. Kharafi Group, has signed a hotel management deal with Mövenpick Hotels & Resorts for a new hotel on the western coast of the Red Sea
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