HELI Seeks EGP 388 M in Loans

• Tuesday, 30th August 2016
• by Heba Eid

Heliopolis Company for Housing and Development (HELI), an Egypt-based real estate firm, is seeking to secure EGP 350 million in credit from banks and financial leasing companies.

Maintenance Road Work Completed on 500Km

• Tuesday, 30th August 2016
• by Heba Eid

Egyptian General Authority for Roads, Bridges, and Land Transport (GARBLT) completed maintenance work on 500 kilometers on the existing road network, at a cost of EGP 1.3 billion.

Housing Ministry to Inaugurate 39 New Water Projects in Weeks

• Tuesday, 30th August 2016
• by Heba Eid

The Ministry of Housing, Utilities and Urban Communities, represented by the National Authority for Potable Water and Sewage is preparing to inaugurate 39 drinking water and sanitation projects in the coming weeks, said Minister of Housing Mostafa Madbouly.

Construction Tenders in Badr, Obour, New Damietta

• Tuesday, 30th August 2016
• by Heba Eid

The Badr City Development Authority (BCDA) will offer five tenders to build commercial markets in the social housing district, in District No.5, said Mostafa Fahmy, Head of the Authority.

Chinese Company to Start Work on New Administrative Capital After Eid

• Monday, 29th August 2016
• by Heba Eid

Representatives from the Chinese construction company, CSCEC, will arrive this week to oversee the implementation of the New Administrative Capital government buildings.

NBE to Finance EGP 300M in a Syndicated Loan of EGP700M to Real Estate Project

• Monday, 29th August 2016
• by Heba Eid

The National Bank of Egypt agreed to co-finance a real estate company with EGP 700 million towards an EGP 2 billion project.

Ministry of Housing’s Request to Build in Forest Protectorate Approved

• Monday, 29th August 2016
• by Heba Eid

The Cabinet approved the Ministry of Housing's request to utilize land in the Petrified Forest Protectorate in Cairo to establish residential units.

Real Estate Prices Projected to Increase due to VAT, Pound Devaluation

• Monday, 29th August 2016
• by Heba Eid

The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.

Hyde Park Offers 9 Construction Tenders to Accelerate Development

• Monday, 29th August 2016
• by Heba Eid

Hyde Park Real Estate Investment company is offering a total of nine construction tenders to hasten the construction and finishing of residential units in its projects.

Cairo Governorate to Launch Land Tenders for 250 Acres

• Sunday, 28th August 2016
• by Heba Eid

The Cairo governorate is preparing to offer tenders for infrastructure and utility work on 250 acres for construction companies next month.