Housing Ministry Delivers 700 Units in El-Noubariya El-Gadida

• Tuesday, 20th June 2017
• by Menna A. Farouk

The government is handing over new units in in El-Noubariya El-Gadida City in El Beheira governorate, Invest-Gate reports.

Gov’t Unveils Service Projects Worth EGP 182.8 mn

• Monday, 19th June 2017
• by Menna A. Farouk

The Central Agency for Reconstruction is currently implementing new service projects as part of its plan for the fiscal year 2016/2017, following the completion of 13 projects in 12 governorates, Invest-Gate reports.  

SECON Profits Grow 40% in 2016

• Monday, 19th June 2017
• by Menna A. Farouk

Cairo-based construction firm Saudi Egyptian Construction Company (SECON) posts a 40% year-on-year rise in its profits in the fiscal year ending on December 31, 2016, Invest-Gate reports.  

RTA Extends Real Estate Tax Payment Period to End-June

• Monday, 19th June 2017
• by Menna A. Farouk

The Real Estate Tax Authority (RTA) decides to extend the payment period of the real estate tax, Invest-Gate reports.

Egypt Eyes More Investments in Port Said

• Monday, 19th June 2017
• by Nayrouz Talaat

The Egyptian government is seeking additional investments in Port Said City, Invest-Gate reports.

Heliopolis Housing Profits Hit EGP 37 4m in 11 Months

• Monday, 19th June 2017
• by Menna A. Farouk

Heliopolis Company for Housing and Development (HELI) posts a net profit of EGP 374 mn for the first 11 months of the fiscal year 2016-2017, up by EGP 74 mn compared to the same period last year, Invest-Gate reports.

Palm Hills Gets NUCA approval For Integrated Residential Community in West Cairo

• Monday, 19th June 2017
• by Nayrouz Talaat

Palm Hills Developments Company receives the approval of the New Urban Communities Authority (NUCA) on co-development of integrated residential community spanning an area of 12.6 mn square meters in West Cairo, Reuters reports.

Steel Rebar Prices Up in Egypt on Import Tariffs

• Monday, 19th June 2017
• by Menna A. Farouk

 Steel rebars used in construction increase by approximately 17% in Egypt after temporary import tariffs on rebars from China, Turkey and Ukraine came into effect last week, Reuters reports.  

Egypt to Establish 20,110 Units in 16 Cities by Year-End

• Sunday, 18th June 2017
• by Menna A. Farouk

The government is to complete the establishment of 20,110 residential housing units in 16 governorates by the end of this year, Invest-Gate reports.

EGX Nods to Madinet Nasr Housing Capital Raise

• Sunday, 18th June 2017
• by Menna A. Farouk

Egyptian urban developer Madinet Nasr Housing and Development Company (MNHD) gets an approval from the Listing Committee of the Egyptian Exchange (EGX) to list the increase of its authorized capital, Invest-Gate reports.