Nasr Contracting Wins Tender for 180 Acres in New Nubaria

• Wednesday, 4th January 2017
• by Invest Gate

The New Urban Communities Authority (NUCA) assigned tender for a facilities project that is set to be built on 180 acres in New Nubaria City to Nasr General Contracting Company (NGGC) at a cost of EGP 45 mn.

NUCA Prices 36 Acres of Lands in Beni Suef for German-Egyptian Consortium

• Wednesday, 4th January 2017
• by Invest Gate

The New Urban Communities Authority (NUCA) is close to finalizing the pricing for 36 acres of land in New Beni Suef City that were sold to Al Arabia for Investment Industry and Abu Shedid for Trade- Frankfurt Germany in foreign currency.

MNHD Contracts Increased to EGP 3.8 bn in 2016

• Wednesday, 4th January 2017
• by Invest Gate

The value of Madinet Nasr for Housing & Development’s (MNHD) contracts has increased to record EGP 3.8 bn, compared to the 2015 contracts which recorded EGP 876 mn.

2,224 Land Plots to be Allocated in 10th of Ramadan City

• Wednesday, 4th January 2017
• by Invest Gate

A public lottery will be held on January 26 to allocate 2,224 land plots for special housing in 10th of Ramadan City.

Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

• Wednesday, 4th January 2017
• by Invest Gate

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.

Government Should Involve Private Sector in Housing Projects: Samih Sawiris

• Tuesday, 3rd January 2017
• by Farah Montasser

Business tycoon and Head of Orascom Development Sameh Sawiris urged the government to provide private companies with lands to help with the affordable housing project for low-income citizens.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last week.

Alexandria Successfully Ends Heavy Rain Crisis

• Tuesday, 3rd January 2017
• by Farah Montasser

Minister of Housing, Utilities, and New Urban Communities Mostafa Madbouly has honored Head of the Rural Sanitation Company in Alexandria Mahmoud Nafea for managing the rain crisis in Alexandria that occurred due to the bad weather conditions of the past few weeks through rural sanitation channels, Invest-Gate reports

NUCA to Offer 500 Acres of Lands, New Cairo

• Tuesday, 3rd January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) is to offer 500 acres of lands dedicated for partnership projects with the private sector in New Cairo, Al Borsa reports

Demand on Real Estate Increases 3% in December

• Tuesday, 3rd January 2017
• by Farah Montasser

A 3% increase in real estate demand has been noted in December 2016 compared to the 1.5% recorded in November of the same year, according to a released statement by Aqar Map, Invest-Gate reports