Real Estate Companies Partner to Counter Escalating Land, Construction Prices

• Tuesday, 19th April 2016
• by Nadine Abou el Atta

Real estate companies are forming partnerships to increase their land portfolios despite the high land prices, said Maged Helmy, CEO of Wadi Degla Developments, reported Daily News Egypt.

Egypt and France Sign MoU for Sustainable Development Projects

• Tuesday, 19th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, and Gerard Wolf, the President of the French Sustainable Cities Task Force, signed a memorandum of understanding (MoU) to develop bilateral relations between Egypt and France in the field of sustainable cities, reported Invest Gate.

Construction of Residential Neighborhood in Cairo’s New Administrative Capital Begins

• Monday, 18th April 2016
• by Nadine Abou el Atta

Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced the start of construction on a residential project in Cairo’s new administrative capital. The Arab Contractors, Talaat Moustafa, Petrojet, the Holding Company for Construction and Building, and the Concord, began the excavation and site planning works on the residential complex.

Housing Minister Meets a Delegation of French Businessmen and Officials

• Monday, 18th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, met with a delegation of French businessmen and company officials operating in the fields of construction, utilities, financial institutions, and advisory offices, on the sidelines of the French President’s visit to Cairo, reported Invest Gate.

ERA Launches Real Estate Education Program

• Sunday, 17th April 2016
• by Nadine Abou el Atta

ERA Commercial Egypt, a real estate firm, launched a real estate education program called SkillBuild/Benaa in April, reported Daily News Egypt.

Redcon Develops 3 New Administrative Buildings Worth EGP 640 M

• Sunday, 17th April 2016
• by Nadine Abou el Atta

Redcon Construction, an Egyptian-based company, is developing three new administrative buildings in New Cairo, with an investment worth EGP 640 million, according to Tarek El-Gammal, Chairman of Redcon, as reported by Amwal Al Ghad.

Ministry of Housing Launches its Biggest Land Draw to Date

• Sunday, 17th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities launched the country’s biggest land tender on April 17. The draw includes 21,398 piece of land in 21 new cities, the ministry announced in a press release.

Ministry of Housing to Inaugurate Projects in Sinai Worth EGP 312 M

• Sunday, 17th April 2016
• by Nadine Abou el Atta

The Ministry of Housing, Utilities and Urban Development is preparing to launch numerous project in North and South Sinai worth EGP 312 million, announced a press release from the Ministry of Housing.

Ain Sokhna Sees Man-made Crystal Lagoons in Il Monte Galala Project

• Thursday, 14th April 2016
• by Nadine Abou el Atta

Developer of the patented Crystal Lagoons has collaborated with Tatweer Misr to develop the first man-made lagoons in Ain Sokhna mountains, Zawya reported.

Presidential Decree Allows Industrial Lands to be Allocated to Investors For Free

• Wednesday, 13th April 2016
• by Nadine Abou el Atta

A presidential decree issued by President Abdel Fattah Al Sisi dictates that pieces of lands in some industrial zones can be allocated to investors at no cost. The decree was published in the state's official gazette.