Government Studies Possibility of Compensating Developers

• Monday, 21st November 2016
• by Karim Mohy

Ten different ministries in the Cabinet are studying the possibility of compensating real estate developers for losses incurred due to recent economic decisions, in cooperation with the committee for compensations at the Ministry of Housing, Utilities, and Urban Communities.

New Negotiations Commence over Administrative Capital Land Pricing

• Monday, 21st November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities has begun negotiating with real estate companies over land pricing in the New Administrative Capital, in efforts to sell the first phase of the city after re-pricing it in accordance with the previously announced 25% discount.

600 Social Housing Units to be Built in Badr City

• Sunday, 20th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) has offered tenders for 600 residential units to Cairo Building Maintenance & Decoration Co. LLC, in efforts to complete the second phase of the social housing project located in Badr City.

AMG to Oversee Green Area Project in 10th of Ramadan City

• Sunday, 20th November 2016
• by Karim Mohy

Amar Consulting Group will supervise the execution of Green Area residential project in the 10th of Ramadan City, at a total investment cost of EGP 120 mn.

Social Housing Fund Allocates Homes to Interior Ministry

• Sunday, 20th November 2016
• by Karim Mohy

The Social Housing Fund approved the allocation of 864 social housing units in New Sohag to Ministry of Interior employees.

Eight Tenders Offered for 97 Housing Units in Upper Egypt

• Sunday, 20th November 2016
• by Karim Mohy

Eight tenders were offered for 97 houses in villages in Assiut, Minya, Sohag and Qena, according to Mohamed Nasser, Head of the Central Agency for Development in the Ministry of Housing, Utilities, and Urban Communities.

2,400 Land Plots Delivered for Social Housing in New Tiba City

• Sunday, 20th November 2016
• by Karim Mohy

Approximately 2,400 land plots have been delivered in New Tiba City as part of a social housing program, according to Ashraf Fathy Abdelrahman, head of the New Tiba Authority.

Hill International Seeks to Manage New Administrative Capital

• Thursday, 17th November 2016
• by Karim Mohy

US-based Hill International, a real estate management firm, is in negotiations with the Egyptian Armed Forces Engineering Authority over managing the development of the New Administrative Capital, according to Waleed Abdel Fattah, Senior Vice President and North Africa Regional Manager of the firm.

Capital Group to Begin Construction for Alburouj First Phase

• Thursday, 17th November 2016
• by Karim Mohy

Capital Group Properties will launch construction in the first phase of their project Alburouj, under the name Acamar, at an investment cost of EGP 40 bn, according to Walid El-Hindi the company’s CEO.

Contractors Federation Suggest Resolutions to Economic Challenges in Construction

• Thursday, 17th November 2016
• by Karim Mohy

The Egyptian Federation for Construction and Building Contractors offered a number of suggestions to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly in efforts to tackle challenges faced in the construction sector due to the pound flotation.