Ministry of Housing to Inaugurate Projects in Sinai Worth EGP 312 M

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

The Ministry of Housing, Utilities and Urban Development is preparing to launch numerous project in North and South Sinai worth EGP 312 million, announced a press release from the Ministry of Housing.

Ain Sokhna Sees Man-made Crystal Lagoons in Il Monte Galala Project

• Thursday, 14th April 2016
• by Nadine Abou el Atta

Developer of the patented Crystal Lagoons has collaborated with Tatweer Misr to develop the first man-made lagoons in Ain Sokhna mountains, Zawya reported.

Presidential Decree Allows Industrial Lands to be Allocated to Investors For Free

• Wednesday, 13th April 2016
• by Nadine Abou el Atta

A presidential decree issued by President Abdel Fattah Al Sisi dictates that pieces of lands in some industrial zones can be allocated to investors at no cost. The decree was published in the state's official gazette.

New Alamein Projects to be Launched in 2017

• Wednesday, 13th April 2016
• by Nadine Abou el Atta

The Ministry of Housing, Utilities and Urban Communities plans to offer the first phase of the New Alamein city project in the first quarter (Q1) of 2017, reported Invest Gate.

Transport Minister Meets with AU’s Infrastructure and Energy Delegate

• Tuesday, 12th April 2016
• by Nadine Abou el Atta

Minister of Transportation Galal Said met with Ilham Ibrahim, the Infrastructure and Energy Commission Delegate of the African Union, to discuss bilateral cooperation in different transport sectors, Al Mal reported.

Egypt, Saudi Arabia Sign 222 B Investment Fund Pact

• Tuesday, 12th April 2016
• by Nadine Abou el Atta

Egypt and Saudi Arabia signed EGP 222 billion ($25 billion) worth of agreements during Saudi King Salman bin Abdul Aziz Al-Saud’s visit to Cairo in April, Sahar Nasr, Minister of International Cooperation, told Daily News Egypt.

Egypt Prepares to Invite Investors to New Administrative Capital

• Tuesday, 12th April 2016
• by Nadine Abou el Atta

The Egyptian government has begun organizing a forum for major real estate investment companies to offer potential investment opportunities in the new administrative capital.

‘Serenity’ and ‘Residence’, Latest Hyde Park Major Additions

• Monday, 11th April 2016
• by Nadine Abou el Atta

Chief Executive Officer of Egypt's Hyde Park Properties, Amine Serag, told Al Borsa News that the real estate company is heading towards further expansions in the Egyptian real estate market, through two new projects: "Serenity" and "Hyde Park Residence." Serag also said that his firm is looking forward to expanding throughout the country. “The firm has overcome logistical obstacles and is currently working on a plan to provide solid infrastructure for the Hyde Park projects,” Serag continued.

A Number of 2,448 Units Built in New Assiut

• Monday, 11th April 2016
• by Nadine Abou el Atta

The construction of 2,448 units, part of the social housing program in New Assiut, has been finalized; once delivered, construction companies assigned the project will begin constructing additional 5,136 units within the second phase of the program, over an area of 266 acres, in the south-eastern expansions in the city, Ahmed Omran, Head of Assiut Development Authority, told Invest Gate.

Egypt’s Minister of Housing Meets with Bavarian Ministry of Economic Affairs

• Monday, 11th April 2016
• by Nadine Abou el Atta

Minister of Housing, Moustafa Madbouly, met yesterday with Franz Josef Pschierer, State Secretary in the Bavarian Ministry of Economic Affairs and Media, Energy and Technology, and a number of German businessmen, within the framework of a high-level delegation visiting Egypt to cooperate in common areas, reported Invest Gate.