Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.
Assistant Vice-Chairman of New Urban Communities Authority (NUCA) Gamal Talaat said the upgrading of New Cairo's Obour Axis is underway, which connects 90 Road to Ain Sokhna Road, with investments worth EGP 170 mn.
VOW Developments has made its debut in the Egyptian real estate market with a new 6,600-square-meter administrative complex in the New Administrative Capital (NAC), pumping investments worth EGP 1.1 bn.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar mandated on January 5 the voluntary removal of all encroachments and building violations on lands and residential units in New Cairo and New Alamein.
The Egyptian government agreed on January 5 to undertake extensive renovation works at downtown and south Mansoura, with costs estimated at EGP 250 mn, intending for completion by next year.
Dolmen Developments intends to step into the Egyptian property sector with the execution of three administrative and commercial projects in the New Administrative Capital (NAC), aiming to invest more than EGP 1 bn.
Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches by next June.
The online reservation of 6,101 residential units, located in 13 new cities within Sakan Misr and Dar Misr middle-income housing projects, has commenced as part of the state's plans to accommodate families of all income brackets.
Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.
Egypt's government has outlined a comprehensive plan to remove encroachments on the Nile River and completely overhaul the site as a first step toward implementing "Ahl Masr Corniche," or People of Egypt Walkway, running between Cairo and Aswan.
Page 606 of 904
Get all latest content delivered to your email a few times a month.
Welcome! Login in to your account
Don't have account. Register
Back to Login