News / Egypt

Sadat City to Develop Eco-Friendly Project at Low Costs

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

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

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

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

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.

Ahaleena Initiative Spreads Across Giza Slums

Ahaleena, an initiative supporting residents of slums in Giza, has been launched this week by the Housing Ministry Deputy for Urban and Slums Development Ahmed Adel Darwish.

Aswan Constructs Two Water Projects

Two facilities projects have been completed in the Aswan governorate at a total investment cost of EGP 184 million.

Buyers Hold to their Purchasing Power Despite Economic Challenges

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

NUCA to Allocate 17,700 land plots in 10th of Ramadan City Today

The New Urban Communities Authority (NUCA) will allocate 17,700 land plots dedicated for social housing projects through a lottery today in 10th of Ramadan City, Al Borsa reports

HHD and SODIC to Postpone Project Development in Heliopolis

Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, Al Borsa reports

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