News / Egypt

Real Estate Prices Projected to Increase due to VAT, Pound Devaluation

The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.

Hyde Park Offers 9 Construction Tenders to Accelerate Development

Hyde Park Real Estate Investment company is offering a total of nine construction tenders to hasten the construction and finishing of residential units in its projects.

Cairo Governorate to Launch Land Tenders for 250 Acres

The Cairo governorate is preparing to offer tenders for infrastructure and utility work on 250 acres for construction companies next month.

Arab Contractors Carries Out Infrastructure Project in North Africa for EGP 500 M

The Arab Contractors Co., an Egypt-based construction firm, is implementing infrastructure projects in North Africa for EGP 500 million, said Mohsen Salah, Arab Contractors Chairperson.

Ministry of Housing Extends Deadline for Supplementary Land Draw

Mostafa Madbouly, Minister of Housing, Utilities and Urban Communities, agreed to extend the deadline for booking land plots in the supplementary land draw tender to September 8.

EGP 125M Dahab-Nuweiba Road Maintenance Project Inaugurated

Minister of Transportation, Galal Said, and his Jordanian counterpart laid the foundation stone for a maintenance project designed to raise the efficiency of the 65 kilometer Dahab-Nuweiba road.

Engaz Seeks 1,000 Acres in Fayoum

Engaz for Real Estate Investment and Development is seeking 1,000 acres of land from the 1.5 million acres offered in Southern Fayoum.

PACT to Promote Second Phase of White Bay Project

PACT Real Estate Group, an Egypt-based property developer, plans to promote 125 new units by the end of 2016, said Moaaz Wessam, PACT Managing Director.

5 MOU Signed for Capital Group’s Al Burouj Project

Capital Group Properties (CGP), a subsidiary of Abu Dhabi Capital Group, signed five memoranda of understanding (MOU) with local and international organizations to implement the Al Burouj project.

Ministry of Housing to Offer 3,000 Acres in New Administrative Capital in October

The Ministry of Housing, Utilities, and Urban Communities will offer at least 3,000 acres of land in the New Administrative Capital to investors next October.

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