69% of Real Estate Professionals Confident in Market Growth

• Monday, 4th April 2016
• by Nadine Abou el Atta

An estimated 50 percent of investors and 69 percent of real estate professionals expressed confidence in Egypt’s real estate market and expected growth over the upcoming year, according to a market analysis by YouGov, an internet-based market research firm, reported Daily News Egypt.

5m Smart Water Meters Deal for Cairo’s New Administrative Capital

• Monday, 4th April 2016
• by Nadine Abou el Atta

Minister of Housing, Utilities, and Urban Communities, Moustafa Madbouly, signed a cooperation protocol with a Chinese company that has secured the supply of 5 million smart water meters for Cairo’s new administrative capital, as well as assistance in laying out the control systems of the capital, Invest Gate reported.

Construction of Cairo’s New Administrative Capital to Begin this Month

• Sunday, 3rd April 2016
• by Nadine Abou el Atta

Construction of the new administrative capital has officially begun. According to a statement by Mostafa Madbouly, Minister of Housing, four construction companies have been assigned with execution of the project’s first phase infrastructure, reported Akhbar Alakarat.