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Green Town Achieves EGP 186 mn Sales for Developers in 2018

Egypt's Green Town Real Estate and Development has achieved sales worth EGP 186 mn in 2018 for a number of Egypt-based real estate projects being implemented by distinct developers.

Completion of 2 Major Road Projects by Next April

Chairman of Sinai Reconstruction Authority Mohsen Saeed has unveiled that the June 30 Axis is 94% completed and is expected to be finalized by next April, while the implementation rate at western Assiut Plateau road project reached 75%, with expectations to be completed during the same month.

Gov’t to Provide Export Incentives for Construction Sector: Official

Khaled Abbas, deputy minister of housing for national projects, said that the housing ministry is currently seeking to provide export incentives to support the construction sector.

Egypt Targets Increasing Urban Areas to 12%: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that Egypt’s strategic plan targets increasing its urban areas to 12%, adding that the government is planning to develop all cities across the country.

Egypt’s Annual Headline Inflation Up to 12.7% in January

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a rise in Egypt's annual headline inflation rate to 12.7% in January 2019 from 12% in December 2018.

Ökoplan to Develop Master Plan of 700-Acre Project in New Alamein

Egypt-based Ökoplan Engineering Consultations is planning to develop the master plan of a new 700-acre plot of land owned by the New Urban Communities Authority (NUCA) in New Alamein.

Assem El Gazzar Appointed Housing Minister

Dr. Assem El-Gazzar was sworn in as the Minister of Housing, Utilities, and Urban Development on February 13 to succeed Mostafa Madbouly, the current prime minister.

Arab Contractors Finalizes 90% of NAC’s Parliament Building

Arab Contractors' Chairman Mohsen Salah has revealed that 90% of the concrete works at the New Administrative Capital's (NAC) parliament building, located in the new city's government district, has been completed.

New Plan Developments to Start Work on NAC’s Serrano Soon

Egypt's New Plan Developments has revealed that it will intensively commence works at its New Administrative Capital (NAC) residential project, Serrano, within the coming weeks.

OUD Eyes Developing 2nd Residential Project in NAC

Orientals for Urban Development (OUD), an affiliate to Egypt-based Oriental Weavers, is studying the acquisition of a 45-acre land plot in the New Administrative Capital (NAC) to mark its second residential project in the new city.

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