Sodic Appoints US-based Sasaki for East Cairo Project Master Plan

• Wednesday, 2nd November 2016
• by Karim Mohy

Sodic has assigned US-based design firm Sasaki to develop the master plan for its new project in east Cairo, set to be built on 655 acres.

Amaer to Increase Prices of Nasr City Properties

• Wednesday, 2nd November 2016
• by Karim Mohy

Amaer for Real Estate increased the prices of units in one of its Nasr City projects by 10% in the past two months, according to Hany Mokhtar the company’s Chairman, reported Al Mal.

State to Offer Land at 35% Discount

• Wednesday, 2nd November 2016
• by Karim Mohy

The Supreme Council for Investment has agreed to provide a 35% discount on land prices for a period of two months until the end of the year.

El Batal Group to Launch Residential Project in New Cairo

• Wednesday, 2nd November 2016
• by Karim Mohy

A new residential project worth EGP 300 mn will be implemented in New Cairo by El Batal Group for Housing and Development, according to Emad Doss, the company’s Chairman.

Amer Group Acquires License to Build 23,000 Units in North Coast

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian developer Amer Group has received licenses to build an additional of 23,000 units in the North Coast.

Housing Minister Meets with World Bank Delegation

• Tuesday, 1st November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with an evaluation delegation from the World Bank to discuss projects that are set to be undertaken in the drinking water and sewage sectors.

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.