News / Egypt

Sabbour Consulting to Supervise Hometown’s ZAHA Park

Sabbour Consulting and Hometown Real Estate Development have signed a consulting services agreement to provide general consultancy and supervise the implementation of the latter company’s commercial and administrative complex in the New Administrative Capital (NAC), ZAHA Park.

El Gazzar Says 15 Coastal Towers Underway in New Alamein

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 15 coastal towers are underway in New Alamein city, with up to 41 floors and comprising nearly 4,500 units, confirming that the towers' finishing works are being carried out in parallel with the construction works.

Gov’t Imposes Temporary Tariffs on Steel, Iron Imports

Egypt's Ministry of Finance has commenced the imposition of temporary fees of 15% on iron billets and 25% on steel rebar for 180 days, starting April 15.

Gov’t to Soon Finalize 707,000 Social Housing Units: Official

CEO of Mortgage Finance Fund (MFF) Mai Abdel Hamid has unveiled that a total of 707,000 social housing units are being finalized to accommodate 226,000 citizens, which will be complemented with 761,000 service projects.

ACUD, Cairo Gas Ink Deal to Supply Natural Gas to NAC’s Government District

The Administrative Capital for Urban Development (ACUD) signed on April 18 a cooperation protocol with state-run Cairo Gas, representing the petroleum ministry, for the establishment of a natural gas network at the New Administrative Capital's (NAC) government district.

SODIC Assigns CONSTEC to Construct New Project Within SODIC West

Six of October Development and Investment (SODIC) and Construction and Design (CONSTEC) inked on April 20 an EGP 210 mn construction contract for a residential project within SODIC West compound in Sheikh Zayed city, west Cairo.

El Attal to Finish Selling Park Lane’s 2nd Phase Soon

El Attal Holding announced plans to shortly complete selling the second phase of its Park Lane Compoundhood in the New Administrative Capital (NAC)

Gov’t Investments in New Obour Amount to EGP 4.9 bn

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that investments worth EGP 4.9 bn are being pumped into existing and underway projects in New Obour city, of which EGP 1.4 bn are to be invested in the current fiscal year.

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of homebuyers.

Egyptian Association for Realtors to be Registered in 1M

Hashim El Kady, a member of the Egyptian Association for Realtors, said the legal procedures for the association's registration are expected to be completed within one month.

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