198 Plots to be Allocated Nationwide by Investment Authority

• Sunday, 4th September 2016
• by Fatma Khaled

The General Authority for Investment and Free Zones (GAFI) is expected to allocate 198 land plots with a total area of 33.8 acres in September and October.

Cabinet Discusses Cairo Monorail Project with Canadian Company

• Sunday, 4th September 2016
• by Fatma Khaled

The Egyptian government and Canada’s Bombardier Inc. have discussed plans to build a 35 kilometer monorail on the borders of Cairo, a project that was previously announced in mid-2015, Cabinet spokesperson Hossam Kawish stated.

Indian Company to Launch Medical City in Egypt

• Sunday, 4th September 2016
• by Fatma Khaled

India’s NMC Healthcare is expected to build an integrated Medical City in Egypt at a cost of $1.6 billion, Minister of Trade and Industry Tareq Qabil stated.

Dar Misr Housing Project Enters New Work Phase

• Thursday, 1st September 2016
• by Heba Eid

There are 2,808 units undergoing finishing works in the first phase of Dar Misr Social housing program in Sherouk City, and 1,224 units being developed, said Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities.

EFSA Mortgage Activity Recorded EGP 564 M in 2016

• Thursday, 1st September 2016
• by Heba Eid

Mortgage finance activity for the first seven months of 2016 recorded EGP 564 million, compared to EGP 586 million in 2015, said Sherif Samy, Head of the Egyptian Financial Supervisory Authority (EFSA).

NUCA Extends Deadline for Dar Misr Unit Reservations

• Wednesday, 31st August 2016
• by Heba Eid

The Board of New Urban Communities Authority (NUCA) agreed to extend the period for the 20% reservation for Dar Misr, announced Mustafa Madbouly, Minister of Housing, Utilities and Urban Communities.

CBE Studies Modifying Mortgage Finance Initiative

• Wednesday, 31st August 2016
• by Heba Eid

The Central Bank of Egypt is studying amendments to the mortgage finance initiative introduced in 2014.

Egypt Receives First Segment of Saudi Loan for Developing Sinai

• Wednesday, 31st August 2016
• by Heba Eid

Egypt received EGP 2.664 billion ($300 million) from Saudi Arabia to develop the Sinai peninsula, announced Minister of International Cooperation Sahar Nasr.

Development Kicks Off on Azha Ain Sokhna Project

• Wednesday, 31st August 2016
• by Heba Eid

Madaar Development, an Egypt-based real estate developer, started developing the first phase of its Azha project in Ain Sokhna, announced Gasser Bahgat, company's CEO.

60% of New Cairo Riyadh-SECON Project Marketed

• Tuesday, 30th August 2016
• by Heba Eid

The Saudi Egyptian Construction Company (SECON) marketed 60% of the first phase of Riyadh-SECON project in New Cairo.