Dar Misr Price EGP 33,000 Per Square Meter For Commercial Units

• Sunday, 29th January 2017
• by Farah Montasser

Following a public auction for commercial units at Dar Misr project in Sadat City, including six shops and a pharmacy, the City’s Development Authority reported that the cost per square meter has reached EGP 33,600 at its highest

Infrastructure Works Begin, Administrative Capital

• Sunday, 29th January 2017
• by Farah Montasser

Infrastructure works are to commence in the new Administrative Capital within inner roads in neighborhoods on site

NUCA to invest EGP 13 bn, Upper Egypt

• Sunday, 29th January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) plans to invest EGP 13 bn in the new cities of Upper Egypt in both the current and upcoming fiscal years together

Street Vendors to Receive Land Plots across Cairo

• Sunday, 29th January 2017
• by Farah Montasser

Governor of Cairo Atef Abdel Hamid has ordered Neighborhood's Heads across the city to offer a particular land plot dedicated to street vendors within each neighborhood in return for EGP 5 per day with the aim of promoting organization and security

Upper Egypt Housing Projects Updated

• Saturday, 28th January 2017
• by Farah Montasser

Approximately 66,000 social housing units have been completed in Upper Egypt to be followed by yet another 40,000 to be finalized across several governorates in the near futur

Egypt Spends Millions on Major Infrastructure Projects, Upper Egypt

• Saturday, 28th January 2017
• by Farah Montasser

Egypt has spent over EGP 600mn on infrastructure projects, including rural sanitation, electricity networks, and industrial waste management, across the country, eyeing Upper Egypt in efforts to attract further private investments

Fitch Rates New Egyptian Dollar Bonds ‘B’

• Thursday, 26th January 2017
• by Yasmin El-Beih

Fitch Ratings has assigned Egypt's new senior unsecured bonds issued under the sovereign's Global Medium-Term Note programme 'B' ratings, Invest-Gate reports.

EGX Imposes EGP 25,000 Penalty on Global Telecom Holding

• Thursday, 26th January 2017
• by Yasmin El-Beih

The EGX’s Listing Committee imposed an EGP 25,000 penalty on Global Telecom Holding due to a violation of Article 27 of the Listing Rules.

Madbouly Follows Up on Projects Worth EGP 37 bn in New Cities

• Thursday, 26th January 2017
• by Yasmin El-Beih

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly held a meeting with leaders of the ministry and the New Urban Communities Authority (NUCA) on January 25 to follow up on projects worth of EGP 37 bn in new cities, Invest-Gate reports.

Egypt’s New Compensation Law Protects Contractor

• Thursday, 26th January 2017
• by Yasmin El-Beih

The government’s compensation law for contractors protects the construction sector rather than compensating contractors, according to Mohamed Badawy for Contracting Company Chairman Mohamed Desouky.