Fayoum Pays Eight Contractors for Infrastructure Projects

• Wednesday, 11th January 2017
• by Invest Gate

The Fayoum governorate paid EGP 72.5 million as late costs to eight contractors for executing infrastructure projects within the governorate expected to launch next March.

Ahaleena Initiative Spreads Across Giza Slums

• Wednesday, 11th January 2017
• by Invest Gate

Ahaleena, an initiative supporting residents of slums in Giza, has been launched this week by the Housing Ministry Deputy for Urban and Slums Development Ahmed Adel Darwish.

Aswan Constructs Two Water Projects

• Wednesday, 11th January 2017
• by Invest Gate

Two facilities projects have been completed in the Aswan governorate at a total investment cost of EGP 184 million.

Buyers Hold to their Purchasing Power Despite Economic Challenges

• Tuesday, 10th January 2017
• by Farah Montasser

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

NUCA to Allocate 17,700 land plots in 10th of Ramadan City Today

• Tuesday, 10th January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) will allocate 17,700 land plots dedicated for social housing projects through a lottery today in 10th of Ramadan City, Al Borsa reports

HHD and SODIC to Postpone Project Development in Heliopolis

• Tuesday, 10th January 2017
• by Farah Montasser

Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, Al Borsa reports

Madbouly Follows Up on Construction Works in 6th of October City

• Tuesday, 10th January 2017
• by Farah Montasser

Minister of Housing Mostafa Madbouly followed up on roads’ construction, the social housing project, and the Dar Misr project in his visit to 6th of October City, a ministry statement notes

Commercial Units in Badr City Sold

• Monday, 9th January 2017
• by Farah Montasser

Badr City sold 18 commercial units and two pharmacies in a public lottery last week, with commercial units sold at a price EGP 33,000 per square meter and the pharmacies sold for EGP 50,100 per square meter, Al Mal notes

Arab Contractors to Develop Infrastructure Projects in New Capital and Suez Gulf

• Monday, 9th January 2017
• by Farah Montasser

Arab Contractors is to construct roads in the new Administrative Capital at a total investment cost of EGP 1.1 bn, company Chairman Mohsen Salah told Amwal El Ghad

SECON to Invest EGP 2 Bn in Egypt in 2017

• Monday, 9th January 2017
• by Farah Montasser

Saudi Egyptian Construction Company (SECON) is to pump investments worth EGP 2 bn worth of projects in Egypt during full-year 2017 in an effort to promote the company’s strategy to achieve revenues, according to Chairman Darwish Hassanein, Al Borsa reports