News / Egypt

20,000 SQM of Land Allocated for Public Services in Sharm El Sheikh

The General Authority for Tourism Development has ceded 20,000 square meters of its land in favour of establishing public services in the Nabaq area of Sharm El Sheikh.

Colliers: Housing Demand Expected to Grow

Demand on residential units is expected to increase to approximately 115,000 units per year, according to Ian Albert, the Regional Director at Colliers International Middle East and North Africa.

Company Fined EGP 5 M for Delayed Construction in New Assiut

The New Urban Communities Authority (NUCA) decided to settle the dispute over the land allocated for the Hotel School Project owned by the Educational Arabic Institution Company in New Assuit.

Real Estate Developers to Construct Social Housing Projects

The Cabinet approved on the draft of terms and conditions regarding collaboration with real estate developers in building units in the Social Housing Project aimed at low-income citizens.

Moukhtar Ibrahim Constructs 4 New Bridges in 2017

Egyptian construction company Societe Egyptienne D’enterprises (Moukhtar Ibrahim) is set to deliver four new bridges in 2017 at a cost of EGP 500 million, as part of the country’s national road scheme.

NBE Funded Purchase of 12,500 Units for Low-income Citizens

The National Bank of Egypt (NBE) has financed the purchase of 12,500 housing units for low-income citizens at a cost of over EGP 1 million, according to NBE Chairman Hisham Okasha.

CAPMAS: 1.2 M Residential Units Completed in 5 Years

The Central Agency for Public Mobilization and statistics (CAPMAS) issued a report on Egyptian real estate revealing that 1.2 million residential units have been completed in total in five years in both public and private housing projects.

New Administrative Capital to Offer Lands, Finalize Agreements with Developers

The company handling the New Administrative Capital project is set to decide on offering the first phase of investment land plots, with total areas ranging between 3,000 to 3,500 acres.

Construction Begins on First Phase of ‘Water Valley’ Project in North Coast

Amlak for Real Estate has begun construction on the first phase of the Water Valley Resort located in the North Coast.

ALDAU Development to Launch 2 Real Estate Projects

ALDAU Development, a subsidiary of Sami Saad Holding, is developing ALDAU Heights and ALDAU Strand, two real estate projects in Hurghada.

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