Gov’t Implements Water, Sewage Projects Worth EGP 6.1 bn

• Wednesday, 21st June 2017
• by Menna A. Farouk

Minister of Housing and Urban Development Mostafa Madbouly announces the operation and delivery of new water and sewage projects in 18 governorates, Invest-Gate reports.  

Al-Shams Housing Studies Partnership Worth EGP 1 bn with NUCA  

• Tuesday, 20th June 2017
• by Menna A. Farouk

Egypt-based construction company Al-Shams Housing and Urbanization announces that a possible partnership with the New Urban Communities Authority (NUCA) worth is still under study, Invest-Gate reports.  

Housing Ministry Delivers 700 Units in El-Noubariya El-Gadida

• Tuesday, 20th June 2017
• by Menna A. Farouk

The government is handing over new units in in El-Noubariya El-Gadida City in El Beheira governorate, Invest-Gate reports.

Gov’t Unveils Service Projects Worth EGP 182.8 mn

• Monday, 19th June 2017
• by Menna A. Farouk

The Central Agency for Reconstruction is currently implementing new service projects as part of its plan for the fiscal year 2016/2017, following the completion of 13 projects in 12 governorates, Invest-Gate reports.  

SECON Profits Grow 40% in 2016

• Monday, 19th June 2017
• by Menna A. Farouk

Cairo-based construction firm Saudi Egyptian Construction Company (SECON) posts a 40% year-on-year rise in its profits in the fiscal year ending on December 31, 2016, Invest-Gate reports.  

RTA Extends Real Estate Tax Payment Period to End-June

• Monday, 19th June 2017
• by Menna A. Farouk

The Real Estate Tax Authority (RTA) decides to extend the payment period of the real estate tax, Invest-Gate reports.

Egypt Eyes More Investments in Port Said

• Monday, 19th June 2017
• by Nayrouz Talaat

The Egyptian government is seeking additional investments in Port Said City, Invest-Gate reports.

Heliopolis Housing Profits Hit EGP 37 4m in 11 Months

• Monday, 19th June 2017
• by Menna A. Farouk

Heliopolis Company for Housing and Development (HELI) posts a net profit of EGP 374 mn for the first 11 months of the fiscal year 2016-2017, up by EGP 74 mn compared to the same period last year, Invest-Gate reports.

Palm Hills Gets NUCA approval For Integrated Residential Community in West Cairo

• Monday, 19th June 2017
• by Nayrouz Talaat

Palm Hills Developments Company receives the approval of the New Urban Communities Authority (NUCA) on co-development of integrated residential community spanning an area of 12.6 mn square meters in West Cairo, Reuters reports.

Steel Rebar Prices Up in Egypt on Import Tariffs

• Monday, 19th June 2017
• by Menna A. Farouk

 Steel rebars used in construction increase by approximately 17% in Egypt after temporary import tariffs on rebars from China, Turkey and Ukraine came into effect last week, Reuters reports.