Mortgage Financiers Provide EGP 2.5 M for Citizens Earning Under EGP 2,500

• Tuesday, 4th October 2016
• by Fatma Khaled

Mortgage finance companies have provided only EGP 2.5 million to citizens with incomes lower than EGP 2,500 during the first eight months of 2016, according to the Egyptian Financial Supervisory Authority.

Housing Ministry Closes Reservation of Social Housing Lands Wednesday

• Tuesday, 4th October 2016
• by Fatma Khaled

The Ministry of Housing, Utilities, and Urban Communities will close reservations of 34,800 land plots dedicated for social housing projects on Wednesday.

NBE Studies Funding 1,000 Units for Low-income Citizens

• Tuesday, 4th October 2016
• by Fatma Khaled

The National Bank of Egypt is assessing the possibility of providing EGP 10 million to fund 1,000 residential units for low-income citizens as part of a real estate initiative introduced by the Central Bank of Egypt.

Alkan Group Launches $600 M Citadel Plaza Project

• Tuesday, 4th October 2016
• by Fatma Khaled

Alkan Holdings Group is set to finalize Citadel Plaza, a five-star hotel, within five years at a cost of $600 million.

Abraj Misr Projects Sales to Record EGP 1.6 B in 2016

• Tuesday, 4th October 2016
• by Fatma Khaled

Abraj Misr is expecting sales of EGP 1.6 billion by the end of 2016, compared to last year’s EGP 560 million.

China Finances New Administrative Capital

• Monday, 3rd October 2016
• by Fatma Khaled

A Chinese construction company, China Fortune Land Development, will invest $20 billion in Egypt’s New Administrative Capital.

Infrastructure, Housing Projects to be Launched in Damietta

• Monday, 3rd October 2016
• by Fatma Khaled

A total of 45 water sewage and drinking water projects will be implemented in Damietta at a cost of EGP 1.5 billion, as well as social housing units and road developments to be completed in the governorate.

Orascom Completes Al Masah Hotel in New Administrative Capital

• Monday, 3rd October 2016
• by Fatma Khaled

Orascom Construction has finalized construction on Al Masah Hotel in the New Administrative Capital, in collaboration with the Armed Forces Engineering Authority.

World Bank Follows Up on Social Housing Projects

• Monday, 3rd October 2016
• by Fatma Khaled

A World Bank delegation visited Egypt to follow up on the progress of the Social Housing Project, to which it has provided with financing worth $500 million.

Egypt Partners with France to Develop Sustainable Cities

• Monday, 3rd October 2016
• by Fatma Khaled

The Egyptian Ministry of Housing, Utilities, and Urban Communities will partner with France’s Sustainable Cities Task-Force to build a joint technical office designated for sustainable cities.