Real Estate Prices in Heliopolis Rise by Almost 30% in H1 2016

• Monday, 4th July 2016
• by Heba Eid

Real estate prices in Heliopolis rose by 20-30% by the end of the first half (H1) of 2016 compared to the same period, last year.

Housing Ministry to Offer Plots to Real Estate Investment

• Monday, 4th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is currently working on scanning and preparing a list of all land in Egypt that can be offered for real estate investment purposes, Assistant Minister of Housing for Technical Affairs, Khaled Abbas told Invest Gate in an exclusive statement.

Egyptian Mortgage Sector Sees 12% Growth

• Sunday, 3rd July 2016
• by Heba Eid

The Egyptian mortgage sector rose by 12% in the first 5 months of 2016, said Sherif Samy, Chairman of the Egyptian Supervisory Authority.

Tahrir’s Mogamma Evacuation Begins

• Sunday, 3rd July 2016
• by Heba Eid

The evacuation of Tahrir Mogamma (Tahrir Complex), the infamous administrative building in Tahrir Square, has commenced, announced Galal Said, Cairo Governor.

Administrative Capital Sets Land Prices

• Sunday, 3rd July 2016
• by Heba Eid

Administrative Capital Company for Urban Development, in collaboration with New Urban Communities Authority (NUCA), identified investment land prices for the New Administrative Capital.

Arab Contracters Won EGP 100M Infrastructure Contract

• Sunday, 3rd July 2016
• by Heba Eid

Arab Contractors Company, Egypt-based construction company, won the tender put forth by Sadat City Authority to expand the regional road and build 2 bridges at a cost of EGP 100 million.

Madbouly Announces New Stage of PPP Propjects

• Sunday, 3rd July 2016
• by Heba Eid

A new phase of private-public partnership (PPP) projects will commence after Eid Al-FItr, announced Mostafa Madbouly, Minister of Housing, Utilities, and Urban Development.

Housing Ministry and World Bank Agrees on Indexing Property Prices in New Cities

• Sunday, 3rd July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities and the World Bank are currently working on a joint project to index prices of properties in news cities. The purpose of the project is to monitor the local real estate market trends.

Ministry Extends Reservation Swap in Social Housing Unit to End of July

• Sunday, 3rd July 2016
• by Invest Gate

The Ministry of Housing, Utilities and Urban Communities approved the extension period to swap reservation of social housing units to the end of July, Head of the Mortgage Finance Fund, May Abdel Hamid.

Housing Ministry to Consider Establishing New Alamein Development Company

• Saturday, 2nd July 2016
• by Invest Gate

The Ministry of Housing, Utilities, and Urban Communities is currently is currently considering the establishment of a real estate investment company to manage the development of New Alamein City, in a partnership with the Ministry of Tourism and the Ministry of Defense, an official in the ministry of housing told Invest Gate.