The Egyptian housing ministry has confirmed that the World Bank (WB) contributions to the first phase of the state's social housing project and the first phase of the sustainable sanitation program stand at USD 500 mn each.
Under the slogan, "Time to Give Back," Invest-Gate is to host its first annual real estate industry charitable sohour, this Ramadan, giving back to the Leprosy community across Egypt.
The New Urban Communities Authority (NUCA) is offering 1,982 plots in 13 new cities for different income classes, through a land lottery system, starting April 7.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 3,744 social housing units are completed in New Qena, while 864 units are under construction.
Capital Group Properties (CGP), the community developer owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has appointed Mostafa Salah as its new chief commercial officer (CCO).
Karim Sultan, head of HR and Administration at Dorra Group, revealed that the implementation rate at the company residential project in New Cairo, Address East, has reached 25%, after fully marketing 50% of the project's units.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that the initial sorting of applications from citizens for the tenth announcement of units provided through the state's social housing program has been finalized.
Egypt's Engineering and Consulting Bureau (ECB) has contracted with UAE-based Al-Futtaim Group Real Estate to supervise the implementation of the latter's Oriana Residence in Cairo Festival City, east Cairo.
Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemented in the area.
El Batal Group for Housing and Development has revealed that its total investments in the Egyptian real estate market reached around EGP 9 bn so far.
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