New Residential Project to Substitute Slum Areas, Alexandria

• Sunday, 15th January 2017
• by Yasmin El-Beih

A new residential project, Bashyer El Kheir 3, will be constructed in Alexandria to move residents living in slum areas to much safer homes, following a protocol signed by the Housing Ministry’s Deputy for Urban & Slums Development Ahmed Adel Darwish, Invest-Gate reports.

Citizens to Transfer to Social Housing in New Cities Until 15th of February

• Sunday, 15th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, and Urban Development permits applicants of its eighth offering of social housing units located in Giza, Qaliubya, Alexandria, and Sharqiya, transfers to new cities within their governorates starting today and until February 15, according to Minister of Housing, Utilities, and Urban Development Mostafa Madbouly, Invest-Gate reports.

Housing & Development Bank Funds 50% of Egypt’s Social Housing Projects

• Thursday, 12th January 2017
• by Yasmin El-Beih

The Housing & Development Bank (HDB) is currently financing 50% of social housing projects achieved to this day, Invest-Gate reports.

Cabinet to Facilitate Process of Providing Homes

• Thursday, 12th January 2017
• by Yasmin El-Beih

Cabinet has approved a new law that combines the Social Housing Fund with the Real Estate Fund, in an aim to facilitate the process of providing homes to citizens with limited income.

Cairo to Develop Formerly Violated Retrieved Lands

• Thursday, 12th January 2017
• by Yasmin El-Beih

The Cairo governorate will create plans making use of 300,000 square meters worth of retrieved lands, an area developed in collaboration with the General Managing Authority for Urban Development, Invest-Gate reports.

Sadat City to Develop Eco-Friendly Project at Low Costs

• Thursday, 12th January 2017
• by Yasmin El-Beih

Sadat City will collaborate with the Central Unit for Sustainable Cities and Renewable Energy in the New Urban Communities Authority (NUCA) to develop a low-cost productive community project, Invest-Gate reports.

East Port Said Development Plan to be Finalized

• Thursday, 12th January 2017
• by Yasmin El-Beih

A consultancy office is currently finalizing development plans on East Port Said running on 164,400 acres across the Mediterranean coastline, Invest-Gate reports.

Parliament’s Housing Committee Discusses Sanctions for Construction Violations

• Wednesday, 11th January 2017
• by Invest Gate

The House of Representative’s Housing Committee discussed a draft for a new, temporary eight-month law aiming to organize control over building violations.

Demand on Real Estate Increases Despite Economic Challenges Following Flotation

• Wednesday, 11th January 2017
• by Invest Gate

The real estate sector has witnessed heightened demand during the past few months following the flotation of the pound of the pound, with most companies have recording an estimated growth in sales volume ranging from 30% to 40%, according to VP of Coldwell Banker Mohamed Banany.

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.