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.

New Convention Center in New Capital to Cost EGP 5.2 B

• Tuesday, 28th June 2016
• by Nadine Abou el Atta

The infrastructure work of the new convention center in the new administrative capital is currently underway, at a cost of EGP 5.3 billion ($600 million), said Minister of Industry and Foreign Trade, Tarek Kabil.

Hassan Allam Awarded 40% of New Administrative Capital Infrastructure Work

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Nasr General Contracting – Hassan Allam – has been awarded about 40% of the total infrastructure work for the new administrative capital – a total of EGP 400 million, said CEO of the company, Abdullah Khairy, reported Amwal Al Ghad.

UBE to Launch New Property Financing Product, Egara

• Sunday, 26th June 2016
• by Nadine Abou el Atta

A new property financing product, Egara, will be launched soon by the United Bank of Egypt (UBE) to finance residential units for low and medium-income individuals, according to Chairperson of UBE, Ashraf Al Kady, Daily News Egypt reported.

New Vision Set to Launch 5 New Projects for EGP 70 M

• Saturday, 25th June 2016
• by Nadine Abou el Atta

New Vision, a real estate investment company, aims to raise their investment portfolio in the Egyptian market to EGP 1 billion through investments in New Cairo, and Mohandessin, by the end of 2019, said Chairman of the Board of Directors, Mohamed Kamal.

GAFI Discussions Ongoing to Develop Taba-Nuweiba Region

• Saturday, 25th June 2016
• by Nadine Abou el Atta

There are ongoing discussions by the General Authority for Investment (GAFI) to put Taba and Nuweiba on the global investment map for tourism and investment, said member of the Nuweiba-Taba Tourism Investors Association, Hany Gawish, according to Daily News Egypt.