Real Estate Leasing Contracts Record EGP 10.4 bn

• Tuesday, 1st November 2016
• by Karim Mohy

Real estate leasing contracts have recorded EGP 10.4 bn from January to August 2016, according to Sherif Samy Chairman of Egyptian Financial Supervisory Authority (EFSA).

Sewage Project Tenders to be Offered to Developers

• Tuesday, 1st November 2016
• by Karim Mohy

The Housing Ministry will be offering tenders to developers next January in efforts to implement sewage projects in village of Al Rahawy in Giza, which is financed by the Kuwait Fund at a cost of KWD 45 mn.

Edmag Misr Pumps EGP 205 mn for Projects in North Coast, Matrouh

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian real estate company Edmag Misr is set to provide EGP 205 mn in investments for projects in Matrouh and the North Coast next year, according to Mahmoud Zayed, the company’s CEO.

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly trying to intervene before the company takes action.

NUCA Demands Verification of Land Ownership in New Sohag City

• Monday, 31st October 2016
• by Karim Mohy

Citizens who own lands located at the “Basin 26” area of New Sohag City have been requested to submit their ownership documents to city’s authority to review their legal right to ownership within two weeks, according to Tarek El Sebaey, Supervisor of the Commercial and Real Estate Sectors at the New Urban Communities Authority (NUCA).

Applications Open for Social Housing Units in New Cities in December

• Monday, 31st October 2016
• by Karim Mohy

Reservation date for units in New Cities will be opened this December according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities.

DMA to Discuss New City Development at AUC Conference

• Monday, 31st October 2016
• by Karim Mohy

DMA for Engineering Consultancy will hold an international conference to showcase the latest approaches in planning and designing new cities in collaboration with The Real Estate Program by the American University in Cairo’s School of Business and global design consultancy Callison RTKL.

Housing Ministry to Offer New Lands through Partnerships

• Monday, 31st October 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities plans to offer land plots soon under the public-private partnership system, according to Khaled Abbas, Assistant to the Minister of Housing for Technical Affairs.

Delivery of 3,000 Units in Port Said Co-op Housing Project to be Announced Soon

• Sunday, 30th October 2016
• by Karim Mohy

Members of Parliament from Port Said are set to meet with Hossam Rizk, Chairman of the General Authority for Cooperative Housing, to decide on a delivery date for 3,000 units in the Cooperative Housing project.

4 Companies Eligible for Construction of Hypermarket in New Fayoum

• Sunday, 30th October 2016
• by Karim Mohy

Four real estate companies were deemed eligible by the Development Agency of New Fayoum City to construct a new hypermarket on a 10,000 square meter land plot.