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Minister of Housing Announces EGP 85 bn Budget for 2018/19, Largest in NUCA History

Minister of Housing Mostafa Madbouly announced the largest budget for the New Urban Communities Authority (NUCA) in its history, amounting to EGP 85 bn for the fiscal year 2018/2019, during his meeting with NUCA’s Board of Directors

Suez Canal Insurance Acquires Policy Bid for Projects in New Alamein City

Suez Canal Insurance (SCI), an Egyptian composite insurer, has been awarded a policy bid to insure a number of new projects worth EGP 5 bn in New Alamein City, northwest of Cairo

Catalyst Real Estate to Establish New Flagship at Galala City late 2018

Egypt’s Catalyst Real Estate Consultancy Company plans to set up its new residential flagship, First Home, in the new City of Galala, located between Ain Sokhna and Zafarana

MNHD Sells Land in Auction for EGP 50 mn in El Waha

Located in El Waha, the land is dedicated for commercial, administrative, and healthcare purposes

Housing Ministry to Launch 3rd Offering of PPP Lands Soon

The offering will include distinguished PPP lands in New Alamein and New Mansoura

Egypt, InterContinental Hotels Groups Sign Deal to Manage 100 Tourist Rooms at New Alamein

Housing Minster Mostafa Madbouly held a meeting with Pascal Goven, chief executive officer of InterContinental Hotels and Resorts in India, Middle East and Africa (IHG) on Monday, agreeing to sign a cooperation protocol which will allow InterContinental, Holiday Inn and Stay Bridge Suites Cairo-Citystars to manage 100 tourist rooms in New Alamein city

Elsewedy’s Subsidiary to Develop 1.4 mn sqm in Sadat City

The 1.4 mn sqm land will be developed with total investments of EGP 266 mn in accordance with a programme plan by the Industrial Development Authority (IDA)

Egypt’s Sabbour Announces EGP 32 bn New Project in Mostakbal City

Al Ahly for Real Estate Development - Sabbour announced on February 20 a new mixed-use compound in Mostakbal City with investments of EGP 32 bn

Royal Gate to Invest EGP 150 mn in 2018

Royal Gate for Housing Development plans to invest EGP 150 mn in 2018 to develop new real estate projects in Al Shorouk and New Cairo Cities

Egypt’s Housing Ministry Sets Up “Sheikh Zayed Youth Street” Project

Housing Minister Mostafa Madbouly has announced his ministry’s plan to set up the "Sheikh Zayed Youth Street" project, one of the ministry’s development projects in the satellite city of Sheikh Zayed

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