2,500 Acres to be Developed in New Assiut City

• Sunday, 4th December 2016
• by Farah Montasser

The New Assiut City Authority has completed the planning for 2,500 acres of land, as part of the expansion plan which will see the development of 30,000 acres, reported Al Borsa.

Inertia to Develop 2 Residential Projects in Egypt

• Sunday, 4th December 2016
• by Farah Montasser

Inertia Egypt Holding is set to embark on its first phase of a 120-acres- residential project on Cairo Alex Desert Road, at a total cost of EGP 1.7 bn, as of next month January 2017, according to Inertia CEO Ahmed El Adawy, Al Mal reported.

Madbouly Approves New Social Housing Law

• Sunday, 4th December 2016
• by Joana Saba

The Board of Directors of the Social Housing Fund, headed by Minister of Housing, Utilities, and Urban Communities Mostafa Mabdouly, approved a new law governing social housing and real estate funds, in preparation for presenting it to the Cabinet, Al Mal reported on Thursday.

CAPMAS: EGP 39.8 bn Invested in Real Estate Across Egypt in 2015

• Sunday, 4th December 2016
• by Joana Saba

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that real estate investments in Egypt have increased to from EGP 31.1 bn to EGP 39.8 bn from 2014 to 2015, marking a 27.1% increase, Daily News Egypt reports.

World Bank Delegation Follows Up on Rural Sanitation Program

• Sunday, 4th December 2016
• by Joana Saba

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with a World Bank delegation to discuss updates on the Rural Sanitation Program that was signed earlier this year.

800 Acres of Lands to be Developed in New Fayoum City

• Thursday, 1st December 2016
• by Joana Saba

New Fayoum City will be offering a tender to engineering consulting companies for plans to develop 800 acres of land located within the city next month, reported Al Borsa.

IGI to Build Residential Project in Gharbeya

• Thursday, 1st December 2016
• by Joana Saba

IGI for Real Estate has completed the master plan for a residential project that will be built on 60,000 square meters of unused land owned by the Arab Cotton Ginning Company in the governorate of Gharbeya, Yousef Mohamadi, the company’s Investor Relations Manager told Al Borsa.

2,500 Acres of Lands Offered to Investors in New Cities

• Thursday, 1st December 2016
• by Joana Saba

The Ministry of Housing, Utilities, and Urban Communities will be offering 2,500 acres of land in new cities in January, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities, reported Daily News Egypt.

Madaar Records EGP 1.6 bn in Contractual Sales for Azha Project

• Thursday, 1st December 2016
• by Joana Saba

Real estate developer Madaar has recorded contractual sales worth EGP 1.6 bn for its high-end residential resort development Azha in Ain El Sokhna, CEO Gaser Bahgat told Amwal Al Ghad.

SODIC Waiting on Tenders for Land in Sheikh Zayed

• Wednesday, 30th November 2016
• by Karim Mohy

SODIC plans to compete for the development of 410 acres of land located in Sheikh Zayed, part of the second phase of projects offered by the New Urban Communities Authority (NUCA).