News / Egypt
State Launches New Land Tender in Dar Misr Housing Project
Moustafa Madbouly, Minister of Housing, Utilities and Urban Communities, announced a new land tender conducted through the New Urban Communities Authority in cooperation with the General Authority for Investment. Lands offered are part of the first stage of the Dar Misr project.
Egypt’s Madaar Development to Pump EGP 700 M in its Azha Project
Madaar Development, an Egyptian real estate company, plans to invest EGP 700 million ($78 million) in its Azha compound, located in Ain El Sokhna, reported Amwal Al Ghad.
Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017
The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.
Sama Group to Increase Investments in Egypt’s Real Estate Market
Sama Group for Properties Investment will soon implement three new real estate projects with investments worth EGP 5.5 billion, the group’s chairman Hassan Rateb told Al Mal.
Sisi Housing Project Will Open Doors to Slums Residents in May
Egypt’s Tahya Masr (Long Live Egypt) Fund will deliver the first and second phases of the Tahya Masr social housing project next May, Mohamed Ashmawy, the Fund's Executive Director told Amwal Al Ghad.
Real Estate Companies Partner to Counter Escalating Land, Construction Prices
Real estate companies are forming partnerships to increase their land portfolios despite the high land prices, said Maged Helmy, CEO of Wadi Degla Developments, reported Daily News Egypt.
Egypt and France Sign MoU for Sustainable Development Projects
The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, and Gerard Wolf, the President of the French Sustainable Cities Task Force, signed a memorandum of understanding (MoU) to develop bilateral relations between Egypt and France in the field of sustainable cities, reported Invest Gate.
Construction of Residential Neighborhood in Cairo’s New Administrative Capital Begins
Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced the start of construction on a residential project in Cairo’s new administrative capital. The Arab Contractors, Talaat Moustafa, Petrojet, the Holding Company for Construction and Building, and the Concord, began the excavation and site planning works on the residential complex.
Housing Minister Meets a Delegation of French Businessmen and Officials
The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, met with a delegation of French businessmen and company officials operating in the fields of construction, utilities, financial institutions, and advisory offices, on the sidelines of the French President’s visit to Cairo, reported Invest Gate.
