Sinai Witnesses EGP 3.8 B in Investments in FY 2016/2017

• Monday, 25th April 2016
• by Nadine Abou el Atta

The Sinai Peninsula recently received a government investment worth EGP 3.8 billion, with 32 percent of the projects already implemented, the Sinai Development Agency stated, according to Daily News Egypt.

Sama Group to Increase Investments in Egypt’s Real Estate Market

• Sunday, 24th April 2016
• by Nadine Abou el Atta

Sama Group for Properties Investment will soon implement three new real estate projects with investments worth EGP 5.5 billion, the group’s chairman Hassan Rateb told Al Mal.

Sisi Housing Project Will Open Doors to Slums Residents in May

• Wednesday, 20th April 2016
• by Nadine Abou el Atta

Egypt’s Tahya Masr (Long Live Egypt) Fund will deliver the first and second phases of the Tahya Masr social housing project next May, Mohamed Ashmawy, the Fund's Executive Director told Amwal Al Ghad.

Real Estate Companies Partner to Counter Escalating Land, Construction Prices

• Tuesday, 19th April 2016
• by Nadine Abou el Atta

Real estate companies are forming partnerships to increase their land portfolios despite the high land prices, said Maged Helmy, CEO of Wadi Degla Developments, reported Daily News Egypt.

Egypt and France Sign MoU for Sustainable Development Projects

• Tuesday, 19th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, and Gerard Wolf, the President of the French Sustainable Cities Task Force, signed a memorandum of understanding (MoU) to develop bilateral relations between Egypt and France in the field of sustainable cities, reported Invest Gate.

Construction of Residential Neighborhood in Cairo’s New Administrative Capital Begins

• Monday, 18th April 2016
• by Nadine Abou el Atta

Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced the start of construction on a residential project in Cairo’s new administrative capital. The Arab Contractors, Talaat Moustafa, Petrojet, the Holding Company for Construction and Building, and the Concord, began the excavation and site planning works on the residential complex.

Housing Minister Meets a Delegation of French Businessmen and Officials

• Monday, 18th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, met with a delegation of French businessmen and company officials operating in the fields of construction, utilities, financial institutions, and advisory offices, on the sidelines of the French President’s visit to Cairo, reported Invest Gate.

ERA Launches Real Estate Education Program

• Sunday, 17th April 2016
• by Nadine Abou el Atta

ERA Commercial Egypt, a real estate firm, launched a real estate education program called SkillBuild/Benaa in April, reported Daily News Egypt.

Redcon Develops 3 New Administrative Buildings Worth EGP 640 M

• Sunday, 17th April 2016
• by Nadine Abou el Atta

Redcon Construction, an Egyptian-based company, is developing three new administrative buildings in New Cairo, with an investment worth EGP 640 million, according to Tarek El-Gammal, Chairman of Redcon, as reported by Amwal Al Ghad.

Ministry of Housing Launches its Biggest Land Draw to Date

• Sunday, 17th April 2016
• by Nadine Abou el Atta

The Minister of Housing, Utilities and Urban Communities launched the country’s biggest land tender on April 17. The draw includes 21,398 piece of land in 21 new cities, the ministry announced in a press release.