News / Egypt

Giza General Contracting to Implement 23 Social Housing Buildings

The New Urban Communities Authority (NUCA) has assigned Giza General-Contracting and Real Estate Investment Company to implement 23 buildings, comprising 552 residential units, within the third phase of the state's social housing project behind the airport’s land, west Cairo.

Madbouly Visits New Alamein for Latest Updates

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly revealed on February 9 that 15 41-story residential towers are currently under construction in New Alamein's coastal towers area.

Egypt Hosts 1st Skyscraper Conference in March

Egypt will host the first African conference on skyscrapers, entitled "Egypt's Skyscraper Conference," from March 14 to 15 at Egypt International Exhibition Center (EIEC), east Cairo, aiming to showcase latest technologies and architecture of mega projects as the future of vertical urbanism in the country.

Work on NAC Sports City is in Full Swing: Minister

Minister of Youth and Sports Ashraf Sobhy has visited the 93-acre Sports City project at the New Administrative Capital (NAC) to follow up on progress of work at the site.

Egypt’s Foreign Reserves Rise to USD 42.6 bn by January-End: CBE

The Central Bank of Egypt (CBE) announced on February 5 that net foreign reserves rose to USD 42.616 bn by the end of January 2019, compared to USD 38.2 bn in the prior-year period.

Hassan Allam Properties to Implement 1st Phase of HAPTOWN in April

Hassan Allam Properties (HAP) has begun the earthworks of the first phase of its HAPTOWN project in Mostakbal City, while planning to begin its construction works by next April.

Emirates NBD Egypt PMI Falls in January

The Emirates NBD Egypt PMI declined for the fifth month in a row in January 2019 to reach the lowest level since December 2017, yet above the series average.

RE/MAX Unveils New Corporate to Expand Egypt’s Real Estate Exports

Egypt's real estate marketing franchise RE/MAX has successfully launched RE/MAX Corporate, which aims at expanding the real estate exports market and initially targets achieving 6% of the company's total sales in 2019 from the same market.

Communications Ministry to Develop Technological Zone in Maadi

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has issued a decree to authorize the communications ministry to establish a 75-acre technological area in Maadi, south Cairo, dedicated to activities related to the telecommunications industry.

Alassema to Launch Medical Project at NAC

Egypt-based property developer Alassema Real Estate plans to launch a new healthcare project at the New Administrative Capital (NAC), dubbed Medical Capital City (MCC), with EGP 750 mn target sales.

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