News / Egypt

NUCA Offers 2,108 Plots in 8 New Cities via Lottery System

The New Urban Communities Authority (NUCA) is offering 2,108 plots in eight new cities, ranging from 209 to 287 square meters, for varying income classes through a land lottery system.

El Gazzar Holds Meeting to Discuss New Mechanisms for Social Housing

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with a delegation from the World Bank (WB) and Egyptian real estate developers to discuss new mechanisms to involve the latter in the implementation of social housing projects.

Cairo Festival City Reveals Projects Updates During Cityscape Egypt

Cairo Festival City, one of Al-Futtaim Group Real Estate’s projects in Egypt, held a press conference on March 27 at Cityscape Egypt to showcase its array of projects at the real estate exhibition and reveal the latest updates on them.

New Plan Developments Unveils 3rd Project in NAC

Egypt-based New Plan Developments launched on March 27 its third project in the New Administrative Capital (NAC), ATIKA, on the sidelines of Cityscape Egypt.

Gov’t Officials Agree to Raise Mortgages by EGP 40 bn

Mortgage Finance Fund's (MFF) board of directors have signed a cooperation protocol with the finance ministry to raise the value of mortgages provided to low-income citizens by an additional EGP 40 bn, bringing the total funding to up to EGP 60 bn.

Madaar Development Inks Deal to Establish Azha’s Security System

Madaar Development officially signed on March 27 a partnership agreement with Egypt's mobile community platform iCommunity, attempting to establish an advanced security system for residents of Ain Sokhna's Azha.

City Edge Developments Launches Baroque at Cityscape Egypt

City Edge Developments (CED) has launched its newest residential project in the New Administrative Capital (NAC), Baroque, during its participation in Cityscape Egypt at Egypt International Exhibition Centre (EIEC) from March 27 to 30.

El Shahawi Group Targets Total Sales of EGP 10 bn

Egypt's property developer El Shahawi Group has kicked off implementation works at its two coastal projects, namely Ein Hills and Pali in Ain Sokhna and the North Coast, respectively, eyeing total sales of around EGP 10 bn.

Palm Hills, NUCA Agree to Co-Develop Mixed-Use Project in West Cairo

Palm Hills Developments announced on March 24 that its subsidiary, Arkan Palm for Real Estate Investment Company has signed a co-development deal with the New Urban Communities Authority (NUCA) to develop a mixed-use innovative urban project in Sheikh Zayed, west Cairo, on a revenue sharing basis.

SODIC, NUCA to Build PPP Urban Project in Sheikh Zayed

Sixth of October Development and Investment Company (SODIC) has inked a partnership agreement with the New Urban Communities Authority (NUCA) to build a public-private partnership (PPP) urban project over 500 acres in Sheikh Zayed, west Cairo.

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