SODIC Denies Delaying Plan to Develop Project with HELI to September

• Sunday, 15th January 2017
• by Yasmin El-Beih

SODIC corrected rumors concerning delaying the submission of the general plan for project development with Heliopolis Company for Housing & Development (HELI) to September, stating that they only pushed the deadline 10 weeks to March 2017.

300,000 Buildings Prone to Collapse, say experts

• Sunday, 15th January 2017
• by Yasmin El-Beih

There are 300,000 buildings in Egypt prone to collapse, Dr Hussein Gom’aa, head of the Egyptian Association for the Real Estate Heritage, told Invest-Gate.

Egyptians Pump EGP 13bn in Dubai’s Real Estate Sector

• Sunday, 15th January 2017
• by Yasmin El-Beih

A report from Dubai’s Land Department states that Egyptians were top investors in Dubai’s real estate during 2016, with around 1,364 Egyptian investors spending a total of EGP 13 bn in real estate purchases, Al Masry Al Youm notes.

Infrastructure Projects to be Implemented on 1400 acres of Lands, New Minya City

• Sunday, 15th January 2017
• by Yasmin El-Beih

Infrastructure project tenders will be offered to contractors to develop 1400 acres of land in New Minya City, Head of the City’s Authority Mohamed Wahba mentioned in a released statement.

New Residential Project to Substitute Slum Areas, Alexandria

• Sunday, 15th January 2017
• by Yasmin El-Beih

A new residential project, Bashyer El Kheir 3, will be constructed in Alexandria to move residents living in slum areas to much safer homes, following a protocol signed by the Housing Ministry’s Deputy for Urban & Slums Development Ahmed Adel Darwish, Invest-Gate reports.

Citizens to Transfer to Social Housing in New Cities Until 15th of February

• Sunday, 15th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, and Urban Development permits applicants of its eighth offering of social housing units located in Giza, Qaliubya, Alexandria, and Sharqiya, transfers to new cities within their governorates starting today and until February 15, according to Minister of Housing, Utilities, and Urban Development Mostafa Madbouly, Invest-Gate reports.

Housing & Development Bank Funds 50% of Egypt’s Social Housing Projects

• Thursday, 12th January 2017
• by Yasmin El-Beih

The Housing & Development Bank (HDB) is currently financing 50% of social housing projects achieved to this day, Invest-Gate reports.

Cabinet to Facilitate Process of Providing Homes

• Thursday, 12th January 2017
• by Yasmin El-Beih

Cabinet has approved a new law that combines the Social Housing Fund with the Real Estate Fund, in an aim to facilitate the process of providing homes to citizens with limited income.

Cairo to Develop Formerly Violated Retrieved Lands

• Thursday, 12th January 2017
• by Yasmin El-Beih

The Cairo governorate will create plans making use of 300,000 square meters worth of retrieved lands, an area developed in collaboration with the General Managing Authority for Urban Development, Invest-Gate reports.

Sadat City to Develop Eco-Friendly Project at Low Costs

• Thursday, 12th January 2017
• by Yasmin El-Beih

Sadat City will collaborate with the Central Unit for Sustainable Cities and Renewable Energy in the New Urban Communities Authority (NUCA) to develop a low-cost productive community project, Invest-Gate reports.