Egypt’s New Capital Completes 30% of its Infrastructure

• Wednesday, 14th December 2016
• by Farah Montasser

Approximately 30% of the first phase of Egypt’s Administrative Capital infrastructure has been completed, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly informed President Abdel Fattah Al Sisi, according to Al Borsa

MNHD Records Revenues of EGP 1.4 bn in November

• Wednesday, 14th December 2016
• by Farah Montasser

Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt

New Land Prices to be Set in New Administrative Capital

• Tuesday, 13th December 2016
• by Farah Montasser

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to attract investors, reported Al Borsa

10 Land Plots Assigned Commercial Projects in Sadat City

• Tuesday, 13th December 2016
• by Farah Montasser

A total of 10 land plots, serving commercial projects are expected to be allocated in Sadat City next year, reported Al Mal

Half a Million Social Housing Units Being Implemented Across Egypt

• Tuesday, 13th December 2016
• by Farah Montasser

Approximately half a million social housing units are currently being implemented in different phases, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly at the second international conference for cooperative housing, reported Invest-Gate

Government Offers Lands for Cooperative Housing in 15 Cities

• Tuesday, 13th December 2016
• by Farah Montasser

A total of 2,000 acres of lands will be allocated for cooperative housing projects in 15 cities, announced Head of the General Authority for Construction & Housing Cooperatives Hossam Rezk

34,800 Land Plots to be Allocated Across 8 New Cities

• Monday, 12th December 2016
• by Farah Montasser

A public lottery will be held next week to allocate a total of 34,800 land plots within the social housing program located across eight new cities, according to a statement from the Ministry of Housing, Utilities, and Urban Communities

Housing Ministry Offers Unsubsidized Social Housing Units

• Monday, 12th December 2016
• by Farah Montasser

The Ministry of Housing, Utilities and Urban Communities is offering new unsubsidized social housing units targeting citizens with monthly incomes ranging from EGP 4,000 to EGP 5,000, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, reported Al Borsa

Development Tenders to be Offered within Several Cities

• Monday, 12th December 2016
• by Farah Montasser

Tenders will be offered to the Egyptian Federation for Construction & Building Contractors (FCBC) members, to develop different infrastructure projects within the social housing project at New Borg El Arab City, according to Head of the City’s Authority Ahmed El Desouky, reported Al Mal

ARCO Pursues Development in New Administrative Capital

• Monday, 12th December 2016
• by Farah Montasser

With more lands up for grabs next year, ARCO for real estate development is pursuing investment in the new Administrative Capital City, reported Al Borsa